Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

Bassett Furniture: Update After Recent Earnings And Management Meeting

As I have written in previous articles, I am bullish on the future for Bassett Furniture (NASDAQ:BSET). Since the company does not have quarterly earnings calls, it's hard to get regular updates on the performance of the company. After reviewing the latest quarterly results and speaking with management, I wanted to update the story for investors. Overall, there were some positives and negatives coming out of the quarter, but it's important to note that recent updates further support a $14 price level as a floor on the stock. Let's get into the details on the quarter/management meeting…

Q3 Results

The company recently reported quarterly earnings on October 3, which disappointed investors (stock was down 12%). This disappointment was...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details