HOFT - Bassett: Strong EPS And Backlog Set Stock Up For Record Gains In 2021

• Bassett now has a $54.9 million record backlog - its wholesale backlog has increased substantially by 47% sequentially.
• The stock has gone up almost 90% since September, we have revised-up our price target for a total return potential of 51%.
• Record EPS in 4Q FY11/2020 smashes Street expectations and is much higher compared to the last three fiscal years' 4Qs in 2017, 2018, and 2019.
• Net cash of $6.50 per share, increasing from only $4.00 per share during cash crunch in 2020, is now 28% of the market cap.
• P/E of 13.3x on steady-state FY11/2022 shows that Bassett is still undervalued.

For further details see: