Big Lots (BIG) recently reported 2nd-quarter earnings and soothed frayed investor nerves by doing so. Shares of BIG surged more than 10% on the news, largely due to massive short-covering, and that indicates a reversal of fortune for shareholders. At current prices, yield and valuation, this company is among the most attractive investment vehicles I can think of in today's marketplace.
Big Lots' 2nd-Quarter Earnings
The company reports revenue grew 2.5% as expected and EPS came in well above consensus. Revenue growth was driven by positive comps and strength in non-comp stores, and