Earnings will be released on Feb 25. They lost money last quarter, but analysts feel they will turn a profit this time. If so, there will be a nice pop. If they post a loss again, we can expect a significant drop.
Interstingly enough... Based on the past 5 yrs. BIG has on average returned 20-30% share price between January and April, but I believe your estimate is a little low. I'm planning for it to reach 33.12 by end of March. Cheers to a small victory!
I have two posts out here already, and this will be my 2nd to last... I sold my 4th of 5 contracts when it hit 33.12(My prediction on Jan 4th)... It was a hell of a ride! The speed at which this happened was jaw dropping... After fee's and such it was worth $231.00. Which brings me to 88% on this one trade, and one contract to go!!! Which if I sold that would have me around 150%!! Pegasusaig, I believe you will be closer than I ever could have imagined 35 days ago, but I feel good about my plan and stuck to it. Everyone enjoy your spoils! And does anyone watch COF ? or a another Spring stock that has a pattern like BIG?
5 Contracts of April 32.50 Calls for .75 each, cost me 388 bucks, nothing compared to the numbers some of you speak of... Sold 3 today for 1.70 each and returned 499 to my account. Net was 28%, and the other two... I'm just gonna let um ride. Goodluck to everyone who believes History can repeat itself.
No $32 today, but up your targets. I've tracked the stock intensively for 6 years, invested in the pattern for four. The last three years' highs are $41, 44, 47; about a $3 climb each year. This year is different in that the low was very low due to profits being down and the SEC probe, so we have a bigger than usual gap between the low and a potential record high. If the SEC issue had not come up, I think we would have another record annual high. However, 4Q profits will be still be the best quarter they have ever had.
Part of this year's lower share prices were due to lower earnings, and that mostly attributable to losses from the Canadian stores they bought in 2011. This was actually a huge bargain- they bought an 89 close-out store chain (called Liquidation World) for only $1.84 million. It hadn't made money for 5 years, and they knew they would lose money while rebuilding the chain. They have been doing that well, and last month they announced they were on track and are now re-branding those stores as Big Lots. Sales are way up, and the Canadian stores will either profit or be very close with the coming 4Q, which should boost the potential high substantially. Should they beat the projected earnings overall, the same will apply, and I do think they will beat it. 4Q earnings were adjusted down at the same time the 3Q were last summer, and they beat the 3Q substantially.
My latest projections are for the high to be $40 on the low side, $48 on the high. I'm sure enough of my research to be long 12K shares with another 15K shares under options. The climb is beginning. Every dollar it goes up is one you won't make if you just watch it happen.
Sentiment: Strong Buy