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Profile - Bassett Furniture Ind. (NasdaqNM:BSET)
As of 31-Aug-2001
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Recent Events
Sep  4Dividend payment of $0.20
Location
3525 Fairystone Park Highway
Bassett, VA 24055
Phone: (540) 629-6000
Fax: (540) 629-6346
Email: finance@bassettfurniture.com
Employees (last reported count): 4,100
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Consumer Cyclical
 ·Industry: Furniture & Fixtures
Company Website
 ·Home Page

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Index Membership
 ·S&P 600 SmallCap
Ownership
·Insider and 5%+ Owners: 27%
·Over the last 6 months:
 · one insider buy; 4,000  shares (0.1% of insider shares)
·Institutional: 51% (69% of float)
(131 institutions)
·Net Inst. Buying: 356.0K shares (+5.66%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Bassett Furniture Industries, Incorporated's primary business is in wholesale home furnishings. The wholesale home furnishings business is involved principally in the manufacture, sale and distribution of furniture products to a network of independently owned stores and stores owned by an affiliate of the Company. The wholesale business consists primarily of two operating segments, wood and upholstery. The wood segment is engaged in the manufacture and sale of wood furniture, including bedroom and dining suites and accent pieces, to independent retailers and a retailer, which is an affiliate of the Company. The upholstery segment is involved in the manufacture and sale of upholstered frames and cut upholstery items having a variety of frame and fabric options, including sofas, chairs, and love seats.
More from Market Guide: Expanded Business Description

Financial Summary
Bassett Furniture Industries manufactures and sells a full line of home furniture, distributed through retailers nationwide. For the 26 weeks ended 5/26/01, revenues fell 17% to $156.3 million. Net income before acct. change fell 81% to $1.7 million. Revenues reflect a soft retail furniture market and the loss of two major customers due to bankruptcy. Net income also reflects $2.7 million in restructuring costs for the consolidation of the J.D. Basset plant and closing of the Claremont plant.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Paul Fulton, 66
Chairman
$246K
Robert Spilman, Jr., 44
Pres, CEO, Chief Operating Officer
320K
Barry Safrit, 38
CFO, VP
139K
Keith Sanders, 56
Exec. VP, Operations
182K
Grover Elliot, 60
VP of Fin. and Investor Relations
179K
Dollar amounts are as of 25-Nov-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:BSETAs of 31-Aug-2001
Price and Volume
52-Week Low
on 26-Dec-2000
$9.75 
Recent Price$15.35 
52-Week High
on 21-Sep-2000
$15.938
Beta0.57 
Daily Volume (3-month avg)25.4K
Daily Volume (10-day avg)18.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+12.7%
52-Week Change
relative to S&P500
+51.1%
Share-Related Items
Market Capitalization$180.1M
Shares Outstanding11.7M
Float8.60M
Dividends & Splits
Annual Dividend (indicated)$0.80 
Dividend Yield5.21%
Last Split: 5 for 4 on 27-May-1993
Per-Share Data
Book Value (mrq*)$20.86 
Earnings (ttm)$0.24 
Earnings (mrq)-$0.05 
Sales (ttm)$28.68 
Cash (mrq*)$0.32 
Valuation Ratios
Price/Book (mrq*)0.74 
Price/Earnings (ttm)62.65 
Price/Sales (ttm)0.54 
Income Statements
Sales (ttm)$336.4M
EBITDA (ttm*)$270.0K
Income available to common (ttm)$2.88M
Profitability
Profit Margin (ttm)0.9%
Operating Margin (ttm)-3.0%
Fiscal Year
Fiscal Year EndsNov 25
Most recent quarter
(fully updated)
26-May-2001
Most recent quarter
(flash earnings)
31-May-2001
Management Effectiveness
Return on Assets (ttm)0.85%
Return on Equity (ttm)1.15%
Financial Strength
Current Ratio (mrq*)3.34 
Debt/Equity (mrq*)0.07 
Total Cash (mrq)$3.71M
Short Interest
As of 8-Aug-2001
Shares Short39.0K
Percent of Float0.5%
Shares Short
(Prior Month)
74.0K
Short Ratio1.50 
Daily Volume26.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-May-2001, except mrq*/ttm* items as of 26-May-2001)

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