fredscott36
8 months ago
....BIG went BIG (ahem!!) on the bedding.......(almost exclusively at the on-line stores)................which to me is a huge business mistake......I know BIG just drop ships the mattresses and related........and I heard some BIG stores have bedding inventory...........takes up too much space, low margin and low volume and tons of competition.............we'll see................
....my plan would be a take-over with a pre-packaged..........BK.............shut down, like 400 stores, of the 1,100 currently open..............lever down as many store lease terms as possible...........I think the bond-holders would partner up with a re-structure partner.................
............my plan would only bring about $50-$75mm to the table.............I think some hedge funds might pony up a couple of millies..........given the cash flow.......
....but, as time marches on..................the value of BIG is dropping................down................
fredscott36
8 months ago
.....I've been in the BIG LOTS in N. Fort Meyers........and one in Illinois...........the actual stores are wonderful, at least for the low-end bargain hunter........just a step up from railroad salvage, but cooler.............THE BIG LOTS WEB-SITE and on-line store is horrible............the merchandise is all canned, over-priced crap.......
....question is how is BIG doing financially.........????...........horrible, imo.........SLOW DEATH..............$2-billion in total debt with interest rates rising......too many stores that are losing money..........
....VISIT THE STORES.............but stay the F/--- away from the stock.....$3.71 per share and gonna be wiped out on a re-structure, which has to go thru BK.....
.....so glad I didn't load up on this stock at $25 per.............and then at $12-14 a year ago...................
fredscott36
1 year ago
....sorry, BIGTIME BOB, not feeling BIG, at present......I drafted up a few put option straddles, but did not pull the trigger...................BIG is dying....................slow death.............and my GUT says stay away..........$2.1-billion in debt and losing $250mm a year............= BK..............and no juice for shareholders..............................
....not looking for more, money-losing, stressful problems, BIG................I like the BIG LOTS stores, though............N. Fort Meyers...................I bought a bunch of $5 swiss army knives, for example.....the $50 model..........which make great gifts...............store is loaded with stuff like that............but stay away from the stock........................DEAD MONEY, BIG....................i/m/o.................
fredscott36
1 year ago
....I played Pier 1 years back.......and rode it up........bigtime WIN...........and then a year or so later, I got back in as it was sliding and rode it down........
....BIG is doing what Pier 1 did, and Sears, and K-MART, and JCP..............springs a small leak......that gets bigger and the gushing starts........death spiral that won't stop until a BK stops it and the shareholders with BIG are 100% GONE.......given $2.1-billion in debt and a market cap of $275mm.......................
......also, there are some SUPER SMART, smaller hedge funds that are STALKING BIG.........the company will survive, long-term, but probably SCALED DOWN.................like cut the store count in half, or dump the unprofitable stores, or the ones with bad leases....................VIA A BK..................
....my temptation was that of Eddie Lampert and SEARS (and Kmart).............get control............suck out cash...........parcel out the good assets and wear down the landlords in the bad stores...................BIG COULD GO DOWN....................too much debt that ain't going away......getting much more expensive as interest rates spike up....................
fredscott36
1 year ago
....I have been "circling" BIG since early 2016........very hard to figure out and I am PRAISE THE LORD happy I never bought in big, or bought options........
.....$40 per, to me was a steal.....less than a year ago......and the idea was the company would be taken over by an aggressive hedge fund.......????....................
.....touching $5 is UNTHINKABLE.......and the Blue Owl lease-back is a beginning of a collapse, imo........study the financials......NEGATIVE CASH FLOW FROM OPERATIONS.............and $2.1-BILLION in total debt......................29-million shares outstanding, even at $10 per = $290mm cap value........not good......
......I'm watching BIG, but not getting my clean money near this CORPSE....(I love the stores, though.....great tools and incidentals, dirt cheap)...........
whytestocks
5 years ago
News: $BIG Big Lots Announces Fall National Fundraising Campaign Benefitting Nationwide Children's Hospital
COLUMBUS, Ohio , Sept. 23, 2019 /PRNewswire/ -- Big Lots announced today the launch of its fall point-of-sale campaign, "Give Big for Kids" that will benefit Nationwide Children's Hospital. Now through October 27 , Big Lots customers can donate $1 , $2 , $5 , or more at checkout. One ...
Read the whole news BIG - Big Lots Announces Fall National Fundraising Campaign Benefitting Nationwide Children's Hospital
whytestocks
5 years ago
News: $BIG Big Lots Reports Results For The Second Quarter Of Fiscal 2019
COLUMBUS, Ohio , Aug. 30, 2019 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported income of $6.2 million , or $0.16 per diluted share, for the second quarter of fiscal 2019 ended August 3, 2019 . This result includes after tax charges totaling $14.5 million , or $0.37 per di...
Read the whole news Big Lots Reports Results For The Second Quarter Of Fiscal 2019
whytestocks
5 years ago
News: $BIG Big Lots Reports Results For The First Quarter Of Fiscal 2019
COLUMBUS, Ohio , May 31, 2019 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported income of $15.5 million , or $0.39 per diluted share, for the first quarter of fiscal 2019 ended May 4, 2019 . This result includes after tax charges totaling $21.4 million , or $0.53 per dilute...
Find out more https://marketwirenews.com/news-releases/big-lots-reports-results-for-the-first-quarter-of-fiscal-2019-8275542.html