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Big Lots Inc. Message Board

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  • casmiata casmiata Feb 13, 2011 10:02 PM Flag

    $61 per share minimum takeover price...

    I wouldn't count on anything. I owned Claires just before it sold. I bought at 33, they anounced after 4th qtr that they were up for sale because the sisters were tired of the business. They sold at 31 or 32 which was way low. Everyone was surprised. I really don't understand the sale though.
    Fishman is still fairly new to the job, took the company to much higher levels, so all he has left is to sell the company? Bad decision. Either that or he doesn't know how to grow a company sizewise. He's raised the ring, cut the expenses and now he's calling it quits.

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    • Wouldn't be the first time. I have the luxury of having retired early (at 50) and spend a good deal of time on the computer with alerts set and streaming quotes in the corner or on another screen. Skype with family in Zurich and keep an eye on the market.

      I enjoy it, which is the best part of all! IMO, BIG is primed to be bought up..as someone else mentioned. Only a mater of when and how much.

 
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