look we all know the components are dodgy in flash (the flex ones are much better), but most things are possible with them, and they are not that bad once you get into them
a good piece of advice when working with a component use XRAY
xray is for free and i have nothing to do with it, so this is not some advertising.
why do i say use xray....well you can inspect your swf at runtime and make changes in it, and this with components is great since 90% of the time you guys just don't know what to target to get the stuff done.
Secondly components take a frame to initialize (as the yanks spell it) so use the doLater method of the components to get and set properties. otherwise it will not work.