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Flexsteel Industries Inc. Message Board

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  • pmlljl pmlljl Apr 13, 2006 7:56 PM Flag

    December 31, 2005 balance sheet

    boxcarrs:

    Wow! New low on big volume. At least most of it was on one trade late in the day. Maybe I will get at $10.

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    • I doubt it will go much lower. It has been trading in a narrow range for a long time, wearing out weak holders. More likely, it runs almost to 15, then drops below 14 again. Patience.

      • 1 Reply to boxcarrs
      • boxcarrs:

        You are right about the wearing out part. However, I respectfully disagree about the rest of your prediction. I think gas prices and interest rates at present and probably higher future levels are not going to be good for the economy in general and FLXS in particular. I don't know what FLXS is going to report for earnings next week but I don't expect it to be good. The higher prices for most of their raw materials can't help.

        Finally, I think the general stock market is going to get hit with the realization that inflation is higher than what has been reported. That along with higher rates will probably slow the economy and the market.

        Patience is my new middle name. Sorry to report such negative feelings. I will continue to wait for $10-$12.

 
FLXS
38.07-0.16(-0.42%)2:18 PMEDT

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