BSET Stock Recent News

Bassett is facing weak demand and lower earnings due to a poor macroeconomic situation and the divestment of Zenith Freight Lines, completed in 2022. Bassett's future stock performance seems to largely depend on its financial recovery and ability to improve margins. I believe that the stock is currently priced with fair assumptions of future financials, constituting a hold rating.

Earnings are plunging this year.

Bassett Furniture (BSET) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.84 per share a year ago.

Bassett (BSET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bassett's (BSET) third-quarter results to ail from shut-down stores and inflationary woes.

Bassett (BSET) continues to impress investors with regular dividend increases.

The furniture industry has struggled, but indications from Bassett Furniture NASDAQ: BSET echo news from other furniture manufacturers and have the shares rocketing higher. The takeaway is that normalization within the industry is at hand, and most manufacturers will “normalize” at a higher pace of business than before the pandemic.

Despite a bumpy history and several bankruptcies, if a company can survive the panic of 1907, the crash of 1929 and the Great Depression, Black Monday of 1987, and more recently the dot-com crash of 2001, housing crisis of 2008 and the Covid-19 crash in 2020, I think that company is worth a look.

Bassett Furniture is a top vertical furniture manufacturer/retailer in the U.S., with close to 100 stores. BSET enterprise value is approaching zero, with no debt and a large cash hoard. Overall valuations are similar to past recession lows, which opened strong buy opportunities for investors.

The pandemic fueled furniture boom is over.