I believe someone with deep pockets recognizes the value here and is trying to establish a position. FLXS crushed expectations last quarter and with housing coming back, this company should do very well going forward. The float is so small, that the only way to get in is to pay up. JMHO
Stock was also up big yesterday on a down day. I still think it is someone with deep pockets trying to establish a position in this company. With low float, the only way in is to pay up. But the underlying value is still there despite the recent run-up. Look at what LZB trades at. No debt here either, very conservative.