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Flexsteel Industries Inc. Message Board

  • pmlljl pmlljl Apr 20, 2010 6:33 PM Flag

    3rd quarter report

    FLXS reported another profitable quarter. For 9 months income per share was $1.00, so I would guess that they will earn between $1.25 and $1.50 for the year ended 6-30-10. The company now has no debt and over $8,000,000 in cash as of 3-31-10.

    Does anybody want to explain to me how this stock was for sale at about $5.00 at its low about a year ago? That was about 1/3 of book value and and about 1/2 of net working capital per share. I thought it was insanely priced so I bought a lot of it with my average cost at about $8.00 per share.

    Stock prices are not rational. I hope this thing gets irrational on the upside as well which would only even out some of the insanity of the market.

39.50-2.22(-5.32%)Jun 24 4:00 PMEDT