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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (38703)	12/3/2010 9:02:01 PM
From: Paul Senior	Read Replies (1) of 78748

BIG: Discount retailer Big Lots today provided a not-inspiring view of its ending quarter and upcoming quarter. "Deep discounter Big Lots posts a 42% decline in profits in its fiscal third quarter and lowers its outlook." On the news, I added to my losing position. I'll guess that I've held varying amounts of this stock continuously for 25 years. At this time compared to other times, my position is relatively large. No ltd, profitable 9 of past 10 years. "Big Lots said it is now looking for full-year earnings of $2.75 to $2.81 per share, down from a prior forecast of $2.82 to $2.90." On a $29.50 stock, that's about a p/e of 10, which seems okay to me. Soon after the company's report was issued, Barron's had a favorable story out on Big Lots: "...At 10 times forward earnings, Big Lots offers investors a compelling opportunity assuming the company can generate the kind of earnings-growth investors crave... To be sure, Big Lots is a show me story. It needs to improve its consumables business. Investors won't tolerate more disappointments or any further drop in earnings. But with such a low multiple and so much negative sentiment reflected in the stock price, Big Lots cans still deliver the goods."

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