Lampert Out at Big Lots, Inc. (BIG), Outlook Remains Iffy

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If you’re looking for a turnaround retail play, there are plenty to choose from that have more attractive economics than Big Lots, Inc. (NYSE:BIG). The company has already adjusted down its near-term expectations of just-purchased Canadian operations, and management is not convincing us of its capital-allocation prowess. Lampert is known to take active roles in mismanaged retail operations, but clearly this one is no longer on his list.

Valuation remains low, but this one may be a case of the market accurately looking down its nose at a troubled retail play.

The article Lampert Out at Big Lots, Outlook Remains Iffy originally appeared on Fool.com.

Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool owns shares of Big Lots.

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