Company Description: Leggett & Platt Inc. makes a broad line of bedding and furniture components and other home, office and commercial furnishings, as well as products for non-furnishings markets.
In spite of being a highly cyclical company, LEG has a long history of profitability and generating strong free cash flows. In late July, the company reported second-quarter 2014 results. Adjusted earnings came in 9% above the prior year at $0.48 per share. Over the years LEG has been a steady performer in my Dividend Growth Portfolio, as such I will continue to...
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