Monocle Accounting Research
Long/short equity

Flexsteel Industries: A Perfect Short Ahead Of Earnings

On Thursday afternoon, domestic furniture manufacturer Flexsteel Industries, Inc. (NASDAQ:FLXS) will publish its fiscal third quarter financial results, and we believe investors will be none too pleased. We believe that proper investor analysis of FLXS's financial statements and disclosures has been lacking and that this has resulted in a wildly overvalued stock that is set up as a glorious short, both ahead of, and subsequent to, FLXS's press release on Thursday. We will demonstrate in the sections that follow why we believe FLXS will continue to disappoint investors and why the stock will eventually decline to well below $40, providing short-sellers with a terrific opportunity to profit from today's >$50 level.


FLXS of Dubuque, Iowa, has been

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