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Leggett & Platt Inc T.LEG


Primary Symbol: LEG

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.


NYSE:LEG - Post by User

Comment by Newguy23on Apr 25, 2015 12:01pm
272 Views
Post# 23664010

RE:Leg is moving up don't be so quick to sell

RE:Leg is moving up don't be so quick to sellNot with current management.  I agree the stock is probably worth that once oil recovers a bit, but management has proven inability to realize the actual value in the company.  I hold the stock because there are material changes that can be Legacy that can dramatically improve the fortunes of the company (because it has been poorly managed) and as such it is currently "undervalued".  I hope that Front Four is the White Knight - I have been watching this stock flounder at terrible valuations hoping for that material change to occur and it just hasn't - we need a change.  Risk involved as management will actually have to execute this material change, but if so, I agree that the value is there.
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