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 > Free cash flow

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Comment by terroiron Aug 13, 2013 12:44am

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Post# 21665640

RE:Free cash flow

"I believe this company is at a tipping point, if these guys start generation 10-15 million FCF a QTR look out. "

Current quarter is due to weak spend, and yet debt still increased $100 million of which $76 million was acquisition related.

IF they can free cash flow while spending enough to grow at their target 10-15%, then they can begin to reduce debt. Right now they seem to be pursuing a goal of paying capex through cash flow.

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