Expansion in the Cards for Flexsteel Industries
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Posted On: 04/22/2013 10:18:33 AM
Expansion in the Cards for Flexsteel Industries
Consumer durables have been one of the best performing sectors in recent weeks with companies such as Bed, Bath & Beyond Inc. (NASDAQ: BBBY ) and Mohawk Industries, Inc. (NYSE: MHK ), seemingly hitting new highs almost every other day. It’s no surprise, given the fact interest rates are so low, that consumers are taking the opportunity to splurge on some big ticket purchases while they can. With interest rates set to stay at record lows until at least 2014, the growth in consumer durables probably has a fair amount of room left to go......
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