What a difference a few months can make. Back in December, I was a bit bearish on Big Lots (BIG). That was at $29.50. Know what the stock closed at yesterday? Its final price was $41.33. And that's rather close to the 52-week high of $42.27.
To fully appreciate how dramatic the rise in the stock has been requires a look at the one-year chart. Impressive, isn't it? I guess I should have been a stronger believer in the retailer. So, what should I be thinking now?
Big Lots earnings posts
FeedBig Lots Earnings: Should Investors Take Profits Now?
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Big Lots Falls After Disappointing Earnings Report
Big Lots (BIG), a retailer whose colleagues include Target (TGT) and Walmart (WMT), was feeling the wrath of the sellers on Friday. The stock closed down 5% to $29.50. Volume was above the norm.
According to Briefing.com, the company made 23 cents per share in the third quarter. Unfortunately, that was one penny below the overall forecast. In addition, guidance for Q4 wasn't too striking, and same-store sales experienced only slight growth.
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Big Lots Earnings Show Growth -- What About the Stock?
Big Lots (BIG) has had something of a tough time after peaking in April. The one-year chart is a sad graphic for shareholders to look at. As can be seen, the stock, which had previously displayed a significant amount of strength, is now in retreat mode. The attacking bears on Wall Street can be a scary force, to be sure. On Tuesday, shares of the retailer were off by 2.8%; at the end of the session, they settled at $30.86. That's still far off from the 52-week low of $23.04.
Continue reading Big Lots Earnings Show Growth -- What About the Stock?
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