Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

Bassett Furniture Inds / Equity Bottom-Up

<div><ul><li>A 124-year-old business reinvented around customization.</li><li>Nearly 30 years ago, Bassett pivoted from commodity wood furniture to a build-to-order model, with ~80% of products now made one at a time to individual specifications.</li><li>Today, ~70% of the business is upholstery—the inverse of where it started—with a hallmark of getting custom orders out of the plant in under two weeks, complemented by a curated assortment of globally sourced designs.</li></ul></div>

A 124-year-old business reinvented around customization.Nearly 30 years ago, Bassett pivoted from commodity wood furniture to a build-to-order model, with ~80% of products now made one at a time to individual specifications.Today, ~70% of the business is upholstery—the inverse of where it started—with a hallmark of getting custom orders out of the plant in under two weeks, complemented by a curated assortment of globally sourced designs.

BSET: Podcast Recap - Built to Last; How Bassett Is Positioning for the Housing Recovery