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Added to YB: 2020-04-15

Pitch date: 2020-04-15

BIG [bullish]

Big Lots, Inc.

-100%

current return

Author Info

Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.

Company Info

Big Lots, Inc., through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, home décor, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, lawn and garden, and other holiday departments; soft home category consists of apparel, hosiery, jewelry; frames, fashion and utility bedding, bath, window, decorative textiles, and area rugs departments; and food category that includes beverages and grocery, specialty foods, and candy and snacks departments.

Market Cap

$668.1K

Pitch Price

$16.64

Price Target

N/A

Dividend

N/A

EV/EBITDA

8.04

P/E

-0.00

EV/Sales

0.51

Sector

Broadline Retail

Category

special_situation

Show full summary:
Cedar Creek Partners new position - Big Lots (BIG)

BIG: Discount retailer trades at $18.20 w/ $700M mkt cap. Sold 4 DCs for $725M ($550M after-tax, $7/share cash). Pre-COVID EPS guide $3.20-$3.40 cut $0.40 post sale-leaseback. Activists own 11.5%, push for board change & $425M more RE sales. 6.5% div yield.

Read full article (2 min)