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Rating: BSET
Neutral

Bassett Furniture Industries, Incorporated (NASDAQ: BSET) downgraded to Neutral by Sidoti

Wednesday,  Jan 27, 2016  10:25 AM ET by Lynn Gilbert

Bassett Furniture Industries, Incorporated
(NASDAQ: BSET) downgraded to Neutral by Sidoti.

Bassett Furniture Industries, Inc. (Bassett) is a retailer, manufacturer and marketer of branded home furnishings. The Company is organized into three segments: wholesale, retail, and investments and real estate. Bassett's products are sold primarily through Bassett Furniture Direct (BFD) or Bassett Home Furnishings (BHF) stores, with secondary distribution through Bassett Design Centers and other multi-line furniture stores. Bassettbaby cribs and casegoods are sold through specialty stores and mass merchants. During the fiscal year ended November 29, 2008 (fiscal 2008), the Company had 115 stores in its retail network, including 31 Company-owned stores that comprise its retail segment, and 84 owned and operated by independent third-party licensees. Of the 31 retail store locations owned and operated by it, seven of the properties are owned and 24 are leased. Of the seven properties that it owns, one property is subject to a land lease.

Sidoti

Latest Bassett Furniture Industries, Incorporated recommendations:
Bassett Furniture Industries, Incorporated (NASDAQ: BSET) rated to Buy by Sidoti


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