- 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.
For further details see:
Bassett Furniture: Q2 Earnings Beat 2x, 8.6 P/E, 24% Net Cash, Record Orders