This is the 2nd retailer in a row we've seen get hammered on the back of a good report. This tells me the hedge funds are done (for now) playing with "retailers are making a comeback because gas is falling 40 cents", and on to the next plaything. Remember, this is not a market to buy breakouts but breakdowns - retail has been strong for much of latter July and early to mid August - so now they are being sold off. These results are good for Big Lots (BIG) but reflect a bad situation for many in the lower and middle class. The company beat by 5 cents ($0.32 vs $0.27), but fundamentals mea...
Big Lots, Inc., through its subsidiaries, operates as a broadline closeout retailer in the United States. The company offers products under six merchandising categories: Consumables, Home, Furniture, Hardlines, Seasonal, and Other. The Consumables category includes food, health and beauty, plastics, paper, and pet departments. The Furniture category comprises upholstery, mattresses, ready-to-assemble, and case goods departments. The case goods consist of bedroom, dining room, and living room furniture. The Hardlines category includes electronics, appliances, tools, and home maintenance depa...
Trying to find a retailer to replace the homebuilder exposure we let go of this morning. The thesis here remains we need exposure to something that works when the "it's time to buy America as the rest of the world implodes" trade is on. Now the funny thing, is in retail most of the stocks doing well, even today, as "rotation" happens are the very low end or higher end - the great middle is still a chasm.
While the usual road kill rallied huge yesterday: Kohl's (KSS), Macy's (M), JcPenney (JCP) I am looking for something with a bit more reality behind it - i.e. will go up on more than "flavo...
Big Lots (NYSE: BIG) is the largest broadline closeout retailer in the United States. Stores offer such staples as food, health and beauty products, plastics, furniture, toys, lawn tools, electronics, apparel and small appliances. The goods are generally products that have been overproduced, or discontinued, and are typically offered at 20-40 percent below discounters' prices. The company currently operates 1,354 stores in 47 states. Wholesale operations are conducted through Big Lots Wholesale
Big lots has been in strong uptrend ever since bottoming out two years ago. It continues to push higher & through previous resistance. Pullbacks have been in relatively low volume. There is a nearly 10% short interest in the stock suggesting that the sentiment towards might still be pessimistic. The stock still has some upward potential left.
David Fried, editor of the Buyback Letter, is attracted by Big Lots’ $150 million stock buyback as well as improved operating performance. He says the discount retailer's size gives it buying power that smaller rivals cannot match.
should i be worried about BIG?
- Hi, I invested this morning in BIG, at 19.55. it went up significantly in the market today but just fell alot because they are recalling some products
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