Flexsteel Industries, Inc. (NASDAQ:FLXS)
The Company and its subsidiaries are engaged in manufacturing, importing and marketing of residential, recreational vehicle and commercial upholstered and wooden furniture products.
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Pr Book 0.99, Div 2.9%, increasing ROA & gross margins yoy. PR/sales 0.40, no debt.
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AAII SSP PF score
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Solid performer, like their products.
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Showed up on a screen, interesting fundamentals, good value, nice dividend. One to look into further.
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At $16.20/sh, the stock is trading at a P/E of 10, and EV/rev of 0.28, has no net debt and about $2/sh in cash, the company is selling at below net tangible assets and growing revenues Y-o-Y. All of this despite the terrible housing market. As new home sales finally start to rebound FLXS should see a boost from increased furniture sales.
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Excellent valuation with stong EPS growth history.
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great cost controls in downturn - actually increased EPS and CF while top line shrank
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