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Flexsteel Industries Inc. Message Board

  • pmlljl pmlljl Apr 25, 2005 4:02 PM Flag

    Quarterly Report

    FLXS's quarterly report was not too hot. I don't know what people were expecting for the quarter but they must have been disappointed because the stock made a new low today.

    I was not surprised. Foreign imports of furniture, high gas prices for motor home buyers and high raw material costs probably all played a part. In addition higher interest rates so far, with more to come, are not bullish. I forsee more of the same.

    Most likely the stock continues to erode until the outlook improves. I expect time to cause more people to become discouraged and sell. Maybe later this year or next year the stock will be a buy. I still hope for a range of $10 to $12, but it may not go that low.

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