Bassett Furniture Industries, Inc. Buyback
OLI recorded this information on 3/11/2022
Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the Company's share repurchase authorization to $40 million
Bassett Furniture Industries is a retailer, manufacturer and marketer of home furnishings. Co. has aligned its business into three reportable segments: Wholesale, Retail - Co.-owned stores, and Logistical Services. Co.'s wholesale home furnishings segment is involved principally in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (Co.-owned and licensee-owned stores retail stores) and independent furniture retailers. Co.'s retail segment consists of Co.-owned stores. Co.'s logistical services segment provides customer solutions through network line haul freight (middle mile) and warehousing, distribution and inventory management.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 95% of all stocks covered)
Based on Zacks ABR data;
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