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 callmeIshmailon Apr 03, 2015 9:34pm

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Post# 23596163

RE:RE:RE:RE:Cfo re.signs

"Oil prices heading down.... down.... IMO."

Maybe, but market didn't think much of the deal so far. IF the deal happens, and that is far from a slam dunk at this point, the additional oil is quite a few months away, so it likely won't drive down oil price too much in near term. But if iran comes back on stream in say Q4, it may well prolong or at lest flatten the bottom. That wouldn't be good for LEG, LTS and PWT that need a Q3-Q4 WTI recovery to meet their debt covenants.

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