[flexcomponents] Make a Label a Bitmap

[honoraryvato]

Is there as way in Flex 2 for me to cast a Label as a Bitmap or to
make a Bitmap copy of a Label? I have a Panel that fades in and out.
On that Panel is a Label. Since the font is not embeded the text in
the Label stays where it is and does not fade. I do not want to embed
the font. I need to make is a Bitmap so it can fade in and out. Does
anyone know how to do this or have a piece of code I can take a look at?