Wednesday, November 25, 2015

Big Lots, Big Upside, High Short Interest: $60 Target 6-12 Months, 30% Upside $BIG, #earnings

*Modeling company commentary gets $.50 upside to upcoming year
*Listen to last quarter's conference call replay and hear for yourself that they are thinking numbers higher than the guidance they gave.
*Low hanging fruit; finally adding technology is driving efficiency and consistency.




Big Lots (NYSE:BIG) reports December 4th before the market opens.
Big Lots is a company that is in a turnaround. They have been showing much more consistent month-to-month and quarter-to-quarter performance this year. We think they have a lot of ground to catch up with industry trailing metrics, now with a new focused management team that seems to be hitting strides.
If they can manage to report a respectable Q3 and guide reasonably to Q4, we think the stock seems to be a coiled spring about to take out a high short position.
They have 'low hanging fruit', catch-up type initiatives getting them to a level.... 

Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts.


 Disclosure: These trades can lose you money and principle especially when using leverage 


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