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Flexsteel Industries Inc. Message Board

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  • pmlljl pmlljl Dec 30, 2008 6:10 PM Flag

    No position...but


    I hope I didn't force you to buy FLXS. It doesn't look so good right now, but I think that the stock price will improve next year. I have quit buying for now because I ran out of money. I have bought a lot of other stocks, particularly oils. With the market being down 35% to 40% it seems reasonable that the market is much less risky now than it was last year at this time. The Fed and the rest of the government is determined to get the economy back on track and I think they will have a real impact. Unfortunately, I think they will also bring a lot of INFLATION so I have bought a lot of oil stocks and others that have lots of tangible assets. Dividends are going to matter in the next few years because t-bills have almost zero yield. Before long, the investors who bought t-bills for safety are going to want a yield on their investment to try to keep up with inflation. So, have patience.

44.38+0.16(+0.36%)Aug 24 4:00 PMEDT