Wilson teases Wall Street with talk about CF's cash

摘要

Free cash is burning a hole in CF Industries pockets. Speaking at the BMO Capital Markets Farm to Market Conference earlier this week in New York City CF Chairman Steve Wilson noted "this is a good problem to have," and provided some insight to the board's options for spending its loot. Strong pricing and demand meant a record level of operating cash flow for any quarter in the company's history in the first quarter of 2011 of nearly $700 million. Free cash were also records in the preceding periods: third 2010 and fourth quarter 2010 were close to $600 million. The previous high going back through 2006 was only $300 million in the first quarter of 2008 and again in 2009.