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Flexsteel Industries Inc. Message Board

  • bbi_long bbi_long May 5, 2010 10:17 PM Flag

    Why hasn't someone bought out FLXS?


    such a great company can't believe it. Best Mgt team anyplace.

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    • bbi_long:

      Well, I would like to buy FLXS out, but I am in need of about $80,000,000 to $90,000,000 based on the current market value of the company. Are you in a position to lend me that kind of money?

      Seriously, my guess is that the company has been independent for a long time and that it wants to stay that way which is fine with me. There are not many good companies available to buy at reasonable prices so I appreciate the opportunity to buy FLXS at good prices. I have a reasonably large position in FLXS which I accumulated at about $8.00. If the current market weakness makes FLXS go down to about $10.00 I will buy more.

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