Flexsteel's December 31, 2005 balance sheet shows that inventory increased about $19,000,000 as compared to June 30, 2005. Accounts payable, short-term and long-term debt increased as well to finance the increase in inventory.
Does anyone reading this board have an explanation for these increases?
You guys seem to know the stock. Why would mutual funds have a position in FLXS? Looks like a good run from 2001 to mid-2004, but no action since then. Such a small cap stock with little volume, where do they think it is going?