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Furniture and home goods retailer Bassett Furniture (BSET) has had a rough couple of years. Shares have been cut in half since the beginning of 2018, even after accounting for a massive rally that has taken place off of the bottom seen last September. I’ve never been particularly fond of Bassett given the stock’s valuation has generally been too rich for my blood, but the materially lower share price piqued my interest. However, based upon what I’ll outline below, I still don’t think the time is right to buy