LYCOS RETRIEVER 
Big Lots: Stock
built 656 days ago
Big Lots is a discount retailer currently under pressure. The stock has broken important support at the $23.50 level, which suggests that the bears are reasserting control and taking the stock lower. The stock ... has broken out of the long-term downtrend channel to the downside, which suggests a long-term bearish change in the stock.
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Shares of discount retailer Big Lots Inc. climbed Thursday after a Wachovia analyst upgraded the stock, saying the shares are at a fair price and should get a lift from lower interest rates. Ralph Jean raised his rating on Big Lots shares to "Market Perform" from "Underperform." The stock was worth $30 per share in early October but has declined into Jean's target range of $16 to $19 per share.
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Big Lots could yet again surprise the market, though its stock is no longer trading at its former discount. Even so, while its share price has doubled over the past year, its price-to-free cash flow ratio of less than 10 remains very attractive. There might still be some big value left in Big Lots.
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