Leggett & Platt Inc T.LEG

Primary Symbol: LEG

Consumer Cyclical

Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.

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Leggett & Platt Inc > Cfo re.signs

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Comment by pppon Apr 03, 2015 12:20pm

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Post# 23595106

RE:Cfo re.signs

As far as I am concerned he was let go.

Example 200 mil of the CPP debt is in US funds and at 7.5% interest again in US funds. When it was taken out the dollar was at pare. Now add 25% to that. A 50 mil mistake, not to mention the increase in interest payments.
Next no hedges in place for 2015. most likely an other 50 mil mistake.

I would say after a hunderd mil in mistakes he was shown the door

JMHO

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