Leggett & Platt Inc T.LEG

Primary Symbol: LEG

Consumer Cyclical Home Furnishings & Fixtures

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

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Post by GingerBBon May 12, 2015 11:21pm

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Post# 23722410

$80 a barrel overnight possible.

The fighting between Saudi Arabia and Yemen could escalate. Iran could possily get involved with Saudi Arabia as well, which could cause the price of oil jump to $80 a barrel overnight The price of Leg would go up with the price of oil and Iran getting involved would mean the biggest producer in the middle-east (Saudi Arabia) would be directly effected as Iran would try to cut off the exporting of oil through the Persian Golf. This would drive the price of oil up.

Between October and November 2014 oil was at $80 and LEG was at 5.00.

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