Bassett Furniture Industries
BSET on Nasdaq. Bassett sells furniture and home furnishings to consumers and furniture retailers. Market value $181m.
Price checks use the past 12 months to August 2026. Quality checks use five annual reports, the latest for the year to November 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $4.44 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 35 of 100. Price score: 61 of 100. Our list needs 70 on quality and 60 on price.
$21.12 a share, 60% above its 1-year low
Over the past year the price has ranged from $13.17 to $22.26.
Dividend: 3.8% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $431m | $486m | $390m | $330m | $335m |
| Operating margin | |||||
| Operating margin | 5.6% | 7.2% | -0.8% | -4.9% | 2.3% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)7 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsShrinking, 0.1% a year
- Buying back its own sharesYes, 6% fewer since 2021
The quarter to August 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $83 million last quarter, up 3% on a year ago.
- Profit: $2 million, up 162% on a year ago.
- It keeps 3 cents of each $1 of sales as operating profit, up from 2 cents a year earlier.
- Spare cash over the past 12 months: $8 million, about the same as a year earlier.
- About the same number of shares as a year ago.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| November 2024 | $84m |
| February 2025 | $82m |
| May 2025 | $84m |
| August 2025 | $80m |
| November 2025 | $89m |
| February 2026 | $80m |
| May 2026 | $84m |
| August 2026 | $83m |
| Quarter to | Amount |
|---|---|
| November 2024 | $3m |
| February 2025 | $2m |
| May 2025 | $2m |
| August 2025 | $801,000 |
| November 2025 | $2m |
| February 2026 | $1m |
| May 2026 | $2m |
| August 2026 | $2m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 5 February 2026
- Next quarterly (estimated, 10-Q)
- 30 December 2026
Who owns it
2 long-term investors we follow own it, down from 3 last quarter. 74 funds in all.
- GAMCO InvestorsMario Gabelli
- Value
- $10m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Aegis FinancialScott Barbee | $10m | 1.5% | Added |
| GAMCO InvestorsMario Gabelli | $10m | <0.1% |
Sold out this quarter
Largest holders overall
- Dimensional Fund Advisors LP$12m
- Aegis Financial$10mAdded
- GAMCO Investors$10m
- Vanguard Capital Management$6mCut
- Ameriprise Financial$6mNew
- Renaissance Technologies$5mCut
- Acadian Asset Management$4mAdded
- Gabelli Funds$3m
- BlackRock$3mCut
- Truffle Hound Capital$3m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
No one has reported a stake above 5% since December 2024.
- Vanguard Capital ManagementPassive investorSold down below 5%Since 30 June 2026
- BlackRock, Inc.Passive investorSold down below 5%Since 30 June 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | Sold down below 5% | 30 June 2026 | |
BlackRock, Inc. Passive investor | Sold down below 5% | 30 June 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 5 Feb 2026, plus the 10-Q filed 30 Sep 2026 and 7 later 8-Ks.
Changed auditor
Worth knowingThe company changed its auditor (the firm that checks its books) in the last two years.
“The Committee, effective as of April 7, 2025, dismissed Ernst & Young LLP (“Ernst & Young”) as the Company’s current independent registered public accounting firm.”
From an 8-K filed 11 April 2025: Change of auditor. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 0.1% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
The company just told the SEC about a big change. The deep dive shows what it means for the price you pay.
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.