Big Lots: Expect Activist Intervention And 60+% Potential Upside [Seeking Alpha]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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US:NYSE Investor Relations:
biglots.com/corporate/investors
Company Research
Source: Seeking Alpha
SummaryKey Catalyst: Potential activist intervention can boost share price to $30-40 range.Big Lots is already up 45-50% from the lease sale buyback and has 60-110% more upside from current levels.The market is underpaying Big Lots due to management's unsuccessful initiatives. Activist intervention seems very likely.Big Lots (BIGMacellum Advisors and Ancora CapitalBBBYopen letterWhy The Activists Will SucceedBefore the recent 45-50% upside swing from lease/buyback agreement, Big Lots had been underperforming other discount retailers, while the entire off-price retail industry has been in expansion mode over the past five years, up until the coronavirus started weighing on the economy. Not only has the company underperformed on various profitability and operational metrics, but the management has also expressed reluctance to make changes that unlock tremendous shareholder value. Besides the issues around operational side of things, management made poor capital allocation decisions wher
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