Trouble setting component property

Question

I'm a Flash newbie trying to build a custom component using
Flash MX 2004. basically it's an enhanced version of the standard
label component. Everything seems to work fine except when trying
to set default text or assigning a text value in the "properties"
window (the field displays in the properties window, but any value
typed into it does not appear during movie playback). Currently,
the text can be seen only in authoring mode, not when the movie
plays. The only way for the text to displayed during playback is to
set it up through code. Does anybody know what I'm doing wrong? .as
file content follows.
class CustomComponents.FormFields.lblFieldLabel extends
MovieClip {
private var objFieldLabel:MovieClip;
private var strText:String = "";
function lblFieldLabel() {
init();
public function init():Void {
public function get displaytext():String {
return strText;
[Inspectable(defaultValue="display text", type="String")]
public function set displaytext(val:String):Void {
strText = val;
objFieldLabel.text = strText + ":";
}

Answer 1

The reason why I do-not want to use a managed bean is that, I want to do this for all the components in my page(It is reasonably big too). So doing this by a managed bean would mean, I need an interface which has as many getter methods as the no of components in the page. Also, we are still in developement which means everytime some-one adds a new component in the page they need to add a new getter method in the interface. Well not just the interface, but also in all the implementing classes...
The business use-case is that, I have one page in the application which has different levels of visibility(Some components read-only, some not rendered, some editable) based not just on who is logged in but also on other business conditions decided on the page prior to this. So based on these different conditions I build different schemes or themes(I have like 3/4 themes) which decides which components are read-only, which all are editable etc etc... Now I have to apply this 'theme' on to my page :). The way I am trying to do it now, everytime a new component is added, its visibility just need to be set in the property files of different themes.
Thanks,
Julian