Is Big Lots Really a Buy?

Filed under: Analyst Upgrades and Downgrades, Technical Analysis

This morning, my colleague Eric Buscemi noted that Big Lots, Inc. (BIG) was downgraded from "overweight" to "neutral" at JPMorgan. The stock was downgraded because consumer spending is falling and is believed to remain tight -- and JPMorgan believes BIG is at the biggest risk because of its high discretionary exposure. The brokerage also noted that CEO Steve Fishman recently sold roughly 45% of his outstanding shares.



Thanks to the downgrade and comments, BIG is roughly 7% lower on the day. That said, are we really at a decent entry point on BIG?

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Is Big Lots Really a Buy? originally appeared on BloggingStocks on Tue, 22 Jun 2010 18:00:00 EST. Please see our terms for use of feeds.

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Technical analysis - Big Lots - JPMorgan Chase - Business - Investing

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