BSET - Bassett Furniture: Q2 Earnings Beat 2x 8.6 P/E 24% Net Cash Record Orders

• Exceptional Q2 nearly 2x consensus estimates, record EPS and backlog, strong outlook.
• The stock has a net cash position of $6.40, or 24% of the stock price.
• Bassett is 25% off its recent 52-week highs, and this is a good time to get invested.
• Lumber prices plummet – a good sign for the housing market which has been booming, creating opportunities for the furniture industry in its track.
• Despite Bassett’s stock up 124% since our September initiation, we still see 43% upside going forward.

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