In Monday’s Goldman Guide we reviewed the recent successes of some mega cap stocks. Bigger is better right now. Additionally, we mentioned the fact that year end seasonality usually favors small cap stocks. Finally, there is the holiday retail effect.
Today’s featured stock is just outside of the traditional small cap market cap size of $2 billion but ties in all our Guide themes nicely along with the holiday effect. Big Lots, Inc. (NYSE – BIG - $46.76) should be a household name to most.
The discount variety store operates in 48 states and offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, tools, paint, and home maintenance departments; and furniture and home décor category consisting of upholstery, mattress, ready-to-assemble, case goods, home décor, and frames departments. It also provides merchandise under the seasonal category that includes lawn and garden, summer, Christmas, toys, books, sporting goods, and other holiday departments; and electronics and accessories category, including electronics, jewelry, apparel, hosiery, and infant accessories departments.
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