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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.
Bassett Furniture is a leading home furniture retailer, manufacturer, and marketer in the United States. I believe that it is a great moment to review the business model because demand appears to be normalizing, and shortage of raw materials continues to improve.
Bassett (BSET) delivered earnings and revenue surprises of -11.11% and 2.11%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?
Bassett (BSET) to ail from supply chain headwinds and inflationary woes.
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.