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Bassett Furniture Industries, Incorporated Message Board

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  • ranni.malmsteen ranni.malmsteen Feb 2, 2010 11:27 AM Flag

    Big Potential

    "trackinem: You should check your facts; how many of the Bassett repurchased stores were simply closed? Did you see the writeup on the Board nailing the CFO for understated reserves? Did you know that the major supplier of Bassett furniture has started it's own retailing market in Greensboro under the name Schnadig that they got training from Ethan Allen in China? Did you know that the 65% investment in the High Point IHFC is suffering from lower occupancy? Bassett is/has been just a knock off artist so how can they capture more market share? Dis you know that the Bassett Baby program in the Target stores has flattened out? "

    "trackinem: Seems like YOU are the one without any insight or know how to read the industry financials! Go ahead and get a second mortgage and buy all the shares you can!"

    Why this kind of attitude? All i have said about Basset, thats cheap, but if you look my earlier messages, i pointed out how there i havent seen any real improvement in their fundamentals.

    What i wrote related FBN. I tried to point out why i think it FBN will be better investment. There is no reason to be rude.

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