First CEO's sell all the time before bad company news, not fair or right, but happens all the time. I do not know how many shares he owned. He also may have had some idea he was on his way out and he wanted to start cashing in, but that's a guess. The FBI getting involved at this time is a bit extreme to me and makes me wonder if there is more there than meets the eye? Stock down about 10% and that also makes me wonder if something is up. Stock went up after earnings, but fell on this news. To me this is not big news, he was on the way out as previously announced. I have not read any implications for BIG itself. So then you have to wonder is there more than meets they eye or does the street no longer trust the forecast, since the probe ethically should have been announced at earnings. Or is it just simple wall street does not like uncertainty?
You are probably right at this point. Not the sort of stock people will pile into going into eoy. Unlike some here I like Big, think they have a good selection of products people use and need. Also I think they could be a buyout candidate and if they get their act together on the CEO front I think overseas market is huge. I thought the move into Canada was a start and I am sure is but Mexico would be a great market.