BSET - Bassett: 27% Net Cash 11x P/E And Record Wholesale Backlog On Back Of Housing Market

• Bassett has 64% further upside; the stock has gone up 100% since our recommendation of the stock in early September 2020.
• Wholesale orders for the first quarter ended FY02/2021 up 44% YoY, creating a record backlog of orders for the company.
• It has a huge net cash per share position of $6.50, or 27% of the current stock price - the cash just keeps on piling up.
• The company is undervalued at ex-cash P/E of 11.1x.
• Housing market continues to be strong, and chief economist from National Association of Realtors also reaffirms it in this article.

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