Tuesday, February 08, 2011

Initiated a Position in Big Lots, Inc.

I initiated a position in Big Lots, Inc. (Ticker: BIG) at $38.95. The wires are reporting that the company is exploring strategic alternatives (also known as a sale). I see private equity all over this one as the company generates healthy cash flows with little debt. I’ve seen $49 per share being floated around so we’ll see…


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