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Flexsteel Industries Inc. Message Board

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  • pmlljl pmlljl Jan 24, 2008 4:43 PM Flag

    I had to find my old posts to see how long it had been


    I think you bought at a good price.

    I also think you need to rate the performance of the company separately from the performance of the stock price. The management is responsible for the company's performance but not the stock price in the short term. The company has actually not performed too badly in a very difficult period for its industry. In fact, if you had bought FLXS for its current price at any time since 12-31-99, the dividends alone would have outperformed the S and P index since 12-31-99.

    I am currently trying to increase my position in FLXS and hoping for the price to decline. However, I am beginning to believe that we may have seen the bottom because of the Fed cutting interest rates and the governments attempts to stimulate the economy. Interest rates on three month and six month US treasury bills are currently below 2 and 1/2% and FLXS's yield of more than 4% looks very competitive.

39.62+1.11(+2.88%)Feb 12 4:00 PMEST