| People don't really know they are actually a furniture company, they have a lot of potential with their Broyhill brand, but they've had some issues, their supplier closed unexpectedly last year and left them scrambling, but they seem to have gotten that fixed. If you go to their stores, they really do seem to offer a compelling value beating furniture companies, but I don't think too many people are aware of that, they could do a better job. A lot of their debt is how they account for lease liabilities, it's not actual debt per se, so I think their debt is manageable, they seem to have turned the corner back on free cash flow generation too. I also look at book value and liquidation value, I think at about 1/3 of that it provides a buffer while adding to the value aspect. The other scenario is a competitor like Five Below or Ollie's looks at them to acquire them and revenue cheap to add to their existing business. There was a good Seeking Alpha Article on BIG: seekingalpha.com |
