Prior Massive Stock Repurchases Have Put Retailer Big Lots Into Serious Financial Trouble [Seeking Alpha]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
biglots.com/corporate/investors
Company Research
Source: Seeking Alpha
The discount retailer burned $396 million cash for operations and had losses totaling ($23.83) per share over the last two years. Sales dropped 13.5% last year. The stock is 95% off the June 2021 high. Big Lots needs new additional capital. Discount retailer Big Lots ( NYSE: BIG ) used $690 million to repurchase BIG shares over the last few years, but now they are in serious financial trouble. Just because BIG shares are 95% off their June 2021 high does not make them a bargain. The retailer needs a major capital infusion, in my opinion, after burning up $396 million cash for operations the last two years after doing very well during the pandemic because they were allowed to stay open. Massive Share Repurchases Big Lots is currently in financial trouble, but it would actually be in a very strong financial position if they did not do massive stock repurchases. For the fiscal year ending February 1, 2020 they used $176.642 million to repurchase 3.890 million shares with an
Show less
Read more
Impact Snapshot
Event Time:
BIG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BIG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BIG alerts
High impacting Big Lots, Inc. news events
Weekly update
A roundup of the hottest topics
BIG
News
- The Best $50 To Spend To Feel Rich for a Day [Yahoo! Finance]Yahoo! Finance
- Gordon Brothers Agents $200M Term Loan for Big Lots [Yahoo! Finance]Yahoo! Finance
- Los Angeles County to help thousands of displaced 99 Cents Only employees [Yahoo! Finance]Yahoo! Finance
- A local high schooler is operating his own business in Mercer County [Yahoo! Finance]Yahoo! Finance
- Big Lots (BIG) Enhances Liquidity, Adds $200M Borrowing Capacity [Yahoo! Finance]Yahoo! Finance
BIG
Earnings
- 3/7/24 - Miss
BIG
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- BIG's page on the SEC website