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Bassett Furniture Industries, Incorporated (BSET) manufactures, imports, and retails home furnishings in the United States.
The company operates in three segments: Wholesale, Retail, and Investments and Real Estate.
The Wholesale segment is involved in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of Bassett Home Furnishings stores, which are company-owned and licensee-owned retail stores, as well as independent furniture retailers; and wood and upholstery operations.
As of October 1, 2015, the Retail segment operated a network of 93 company and licensee-owned stores.
The Investments and Real Estate segment consists of retail real estate leased or previously leased as licensee stores; and equity investments in Zenith Freight Lines, LLC.
Shares have formed a bullish "flag" and higher share prices are expected for this stock. Note that this is a thinly traded stock, be sure to use a limit order.
52-Weeks Trading Range: $15.16 - $38.65
Entry Point: $31.28
Stop Loss: $29.70
Target Price: $34.41
BSET closed at $31.00 after its 30 days expired.
