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...

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