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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

Post by powermanon May 24, 2015 11:57am
388 Views
Post# 23758601

Transformative takeover if at all.

Transformative takeover if at all.Takeover targets do not necessarely help the share price in the near term. Remember the buy low sell high narrative. A takeover will occure at sub $3.00 market price and retail share holders will benefit long term as new management moves the numbers into reality and new the entity starts to trade at their true value. It wont happen the other way around. Hoping to sell this dog at or close to higher NAV is just not realistic. Hang onto your shares as they are destined to be worth their true value a short time after a takeover if that is in the cards. So goes history so goes this stock. DF
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