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home / news releases / BSET - Bassett: 59% Upside 11x P/E And Record Backlog For This Residential Furniture Company

BSET - Bassett: 59% Upside 11x P/E And Record Backlog For This Residential Furniture Company

Bassett Furniture Industries Incorporated
  • Strong February quarter results were above our as well as Bloomberg consensus analyst expectations by 67%.
  • EPS of $0.40 was a 5-year high for 1Q.
  • 362% increase YoY in wholesale backlog - a huge jump.
  • The bottlenecks in shipping and freight container costs are near term and on a normalized period, shouldn't be an issue.
  • The company has a 11x ex-cash P/E, 26% net cash, and 11% FCF Yield on FY11/2022e [a normal year].

For further details see:

Bassett: 59% Upside, 11x P/E And Record Backlog For This Residential Furniture Company
Stock Information
Company Name: Bassett Furniture Industries Incorporated
Stock Symbol: BSET
Market: NASDAQ
Website: bassettfurniture.com
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