Big Lots Value Remains During The Perfect Storm

May 08, 2023 9:11 AM ETBig Lots, Inc. (BIGGQ) StockBIGGQ18 Comments

Summary

  • Big Lots has been experiencing a continued decline in its sales since the pandemic, and it has accelerated its store closings throughout the US.
  • The company is battling multiple obstacles including the closing of its furniture vendor, debt from remodeling, excessive inventory, and inflation issues.
  • I aim to determine if Big Lots is still a good company, and if these obstacles are temporary or if it’s a losing battle for this discount retailer.
  • This article focuses on the fundamentals, the real value versus the current share price, and whether BIG is worth investing in.
  • This idea was discussed in more depth with members of my private investing community, Good Stocks@Bargain Prices. Learn More »

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One main reason for the drop in the share price of Big Lots, Inc. (BIG) is due to the low numbers posted by the company in Q4 of 2022. It saw a fall in its

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This article was written by

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Grant Gigliotti is the founder of Beat The Market Analyzer, a leading value investing stock software and has been an active investor for 20+ years. He focuses on the value investing strategies of Warren Buffett to find good companies at bargain prices. He aims to show you how he buys good companies with strong fundamentals at large discounts from their intrinsic value.

Grant is the leader of the investing group Good Stocks@Bargain Prices where he offers subscribers: daily stock analysis, alerts for what he’s buying/selling, a regular newsletter, weekly summaries, a watch list, and chat to answer questions. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BIG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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