Big Lots - BIG . NYSE
Company website: http://www.biglots.com/corporate/
Morningstar: Current stock price & financial data
This is what I thought in October 2018 when I first bought the stock...
Big Lots has over 1400 stores spread across the United States, selling a variety of goods from furniture to food and consumables to seasonal products. They specialise in closeout and discount merchandise. For the past 10 years, their strategy has been to keep their store footprint stable and recycle any excess profits they have into buying back their shares on the public market. As a result, even though sales and earnings have stayed relatively flat on an absolute basis, their per share numbers have shown healthy growth. Reasonable growth, modest debt and a stable history of past earnings, even through the last recession, together with a compelling p:e ratio of 8.4 at the current share price of around $41, encouraged me to make an investment despite the difficulties facing the wider retail sector.
What's changed since I made my first purchase of this stock? Follow the ongoing story in the posts below...
Mentioned / Featured in the Following Blog Posts
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Portfolio Update: Retail Roundup September 8, 2020
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Portfolio Update: Sold Big Lots March 18, 2020
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Portfolio Review – Year End 2019 December 15, 2019
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Portfolio Review – October 2019 October 23, 2019
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Portfolio Review – June 2019 June 9, 2019
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Portfolio Review – January 2019 January 2, 2019
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Portfolio Review – October 2018 October 13, 2018
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Portfolio Review – June 2018 June 1, 2018
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Spotlight On Big Lots May 11, 2018