Current Price: ~ $23/share
Projected Yield: ~ 4.61%
I believe Leggett & Platt, Inc. ($LEG) is fairly valued at $19/share on a cash flow valuation basis.
Leggett & Platt engineers components and products for a variety of uses. Its springs and spring units are used in bedding and chairs. The company also makes headboards, die-cast products for barbecue grills and lighting fixtures, and store displays and shelving. Its Specialized Products segment offers machinery, manufacturing equipment, automotive seating suspensions, control cable systems, and lumbar supports.