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Strategies & Market Trends : Value Investing
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To: Area51 who wrote (73510)8/29/2023 3:59:42 PM
From: Harshu Vyas  Read Replies (2) of 78748
 
Hi Area51,

I've looked at BIG too many times to recount and have never liked the company nor did I like its balance sheet. I can't understand why retail investors love the stock.

Will continue to sit on inventory and will continue to make operating losses whilst smothering themselves in debt.

Further, leveraging the balance sheet now that they NEED too rather than in preparation shows the calibre of management you're looking at. Remember, this company had barely any debt at the end of 2022; now debt-to-equity is over 1 with book value receding roughly 2/3 YoY.

I haven't even mentioned the outrageous lease liabilities on the balance sheet.

Best,
Harshu Vyas
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