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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Area51 who wrote (73510)8/29/2023 3:59:42 PM
From: Harshu Vyas  Read Replies (2) | Respond to of 78753
 
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



To: Area51 who wrote (73510)8/29/2023 4:08:15 PM
From: Paul Senior  Respond to of 78753
 
BIG: I'll take my losses and reduce my position to a tracking tracking few shares. Adding as stock fell during the past 15 months did not work out for me. Ouch. I'll consider buying again at some point.

JXN. This has been a volatile stock for me. With today's pop I'm selling some shares. The stock looks cheap to me still. If/when the volatility should continue and the stock falls back, I'll rebuy the shares I sold.


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