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The stock of Big Lots (NYSE:BIG, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation.
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The stock of Big Lots (NYSE:BIG, 30-year Financials) shows every sign of being significantly overvalued, according to GuruFocus Value calculation.
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The chain has also received a notice from the New York Stock Exchange because the average closing price of its shares was below $1 over a consecutive 30 trading-day period. The notice doesn't mean that Big Lots' stock will be immediately delisted as the company can appeal. In premarket trading shares slid 40% to 30 cents. 09/09/2024 09:17 -0400
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Big Lots said Monday that it has filed for Chapter 11 bankruptcy protection from its debts, with the discount retailer citing inflation and high interest rates for hurting its business.
Big Lots, Inc. (NYSE:BIG) stock faced a massive selloff following its earnings report. The modest multiple, along with increasing profits and dividends in a recession-proof business makes Big Lots ...