Big Lots, Inc.: All Filled Up


Big Lots, Inc.: All Filled Up

On January 31, I was on PBS's Nightly Business Report and highly recommended the stock of Big Lots, Inc. (NYSE:BIG.)On that date, the stock was $25.93 (the stock is hovering around $30today). I was very bullish because of the surprise upside I predictedwould come in the year-end earnings announcement.Until the endof 2005, Big Lots' earnings often disappointed and had been a painfulposition to hold for many a hedge fund and long investor that satthrough the bankruptcy of KB Toys (it spun off the business in 2000 butthe ramifications of the bankruptcy still hurt its bottom line) andnumerous disappointing quarters. In fact, Big Lots is an example of acompany that has truly turned itself around. By the end of 2005, thecompany had shuttered more than 600 of its stores ...

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