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Bassett Furniture Industries, Incorporated Message Board

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  • ranni.malmsteen ranni.malmsteen Feb 11, 2010 5:55 AM Flag

    Big Potential

    ”buddy81385: Bassett made $$$$$”

    ranni: Bassett’s strategy seems to be invoking different approach, where main part is one time accounting tricks and one to report profits; they are rather kicking the can down the road. You cannot see improvement in fundaments. This has been excellent opportunity to clean balance sheet, and if I understand correctly, it is now gone.* You know, short term pain is often unavoidable, to archive maximum long term gain.

    “buddy81385:. Bottom line is that the dealer base has shrank dramatically and dealers are not happy with them so if there is a pent-up demand and when business does come back strong they will not share in it.”

    ranni: It remains to seen, how FBN is able to drive their top line in future, but the platform is now better shape than ever to do that.

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