Recent

% | $
Quotes you view appear here for quick access.

Big Lots Inc. Message Board

lyong222 5 posts  |  Last Activity: Aug 27, 2015 4:56 PM Member since: Sep 27, 2001
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Still not resolved

    by girgswinson12 Aug 27, 2015 1:37 PM
    lyong222 lyong222 Aug 27, 2015 4:56 PM Flag

    Why can't an acquirer inherit the legal matter? Why can't they sell the wireless unit when the court ruled the damages are maybe 20% of the estimated value of that unit being 1.5 billion.

  • Reply to

    Finally we have a date

    by vo2_com Aug 23, 2015 11:01 AM
    lyong222 lyong222 Aug 23, 2015 3:13 PM Flag

    I see that too maybe from a different site than you. Curious to delay earnings one week. I think there are talks going on and this weekend may have been set for serious talks of some kind. You do not want to release earnings based on a part of the company that is being sold. Or give guidance because you do not know the composition of the company going forward. Look back on July 13 there was a story that a Chinese company wanted to take Marvel private. Private companies do not release earnings, at least unless the want to. Dell went private to keep from having to try to keep meeting earnings estimates. If the Marvel news was so bad like a loss of 5 cents vs. profit of 11 cents, you do not announce the day of earnings that you are delaying. Earnings misses are told days or weeks in advance, it's called pre-announcement to get the bad news out there so the stock can react. There is high insider ownership. They would be foolish to know the earnings are terrible and to hide it until the morning of the 20th and then like magic they have all the accounting done a week later on the 27th. I think there is some announcement on Monday, and then something "else" during the earnings on the 27th.

  • lyong222 by lyong222 Aug 20, 2015 12:59 PM Flag

    Waiting until the day of earnings to announce an accounting issue seems unlikely. The Q ended July 31 and they have had 19 days to get the math done. We think there is an event going on. They may be in talks to sell the wireless unit, price not yet known, and when they release they want to be able to state the correct amount of cash on hand after the sale and after the court ruling. As well as guidance based on the operations less the unit that was sold. Or a sale of the entire company is in talks. We can not remember a company that made such an announcement the day of. They make it well before the earnings date.

  • Shanghai Pudong Science and Technology May Buy Marvell Technology
    Jul 13 15
    Shanghai Pudong Science and Technology Investment Co., Ltd. is interested to buy shares of Marvell Technology Group Ltd. (NasdaqGS:MRVL) in a go private deal, according to a source. The talks are in early stages and both parties will meet this week, source said.

  • Reply to

    AVGO?

    by jackadd9 Jul 21, 2015 10:35 AM
    lyong222 lyong222 Jul 30, 2015 9:45 AM Flag

    We do not think Avago would buy Marvel less than 2 months after buying Broadcom. But if you scour the news from around early July you see there is an Asian company that was going to have talks with MRVL about taking the company private. We think this is a real more likely to happen event.

BIG
46.86-1.13(-2.35%)Sep 1 4:01 PMEDT