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The Pitch: Big Lots

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Published: Thursday, 26 Aug 2010 | 6:20 PM ET
By: | Producer

As they say on TV, it’s the cold-calling segment that's sweeping the nation; one trader, one stock, and 30 seconds to make the case.

Patty Edwards, principal at Storehouse Partners, made a pitch for Big Lots on Thursday's "Fast Money."

As we've heard from Guess? and J. Crew Group , the high-end is "not entirely solid," said Edwards. There is excess retail inventory coming into the ports.

With BIG, it has guided down and that's already been reflected, Edwards said. It's trading at only 10 times earnings. At $30, she sees upside to $35.

Edwards said the consumer is trending down, so BIG is a great stock and she would buy it over Family Dollar or Dollar Tree .

What do you think? Does Edwards' pitch speak to you? Let us know by casting your vote below!

The Pitch
One Fast Money trader highlights a stock to watch.

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Trader disclosure: On Aug 26, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Cortes is long (FCX), (SFD), (BHP), (BMO), (TD); Cortes is long Crude Oil; Cortes is long Australian Dollars; Karabell owns (AAPL), (BHP), (BP), (C), (CSCO), (FCX), (GE), (GS); Finerman owns (BAC); Finerman owns (IBM); Finerman owns (JCG); Finerman owns (JPM); Finerman’s Firm owns (POT) calls; Finerman’s firm owns (WMT); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts; Jon Najarian owns (CSCO) call spreads; Jon Najarian owns (MMR) calls; Jon Najarian owns (NKE) short calls; Jon Najarian owns (SLV) short calls; Jon Najarian owns (GLD) calls; Jon Najarian owns (CME); Jon Najarian owns (CBOE)

For Zach Karabell
River Twice Capital owns (CSCO)
River Twice Capital owns (GS)
River Twice Capital owns (IBM)
River Twice Capital owns (MSFT)
River Twice Capital owns (NKE)
River Twice Capital owns (POT)

For Patty Edwards
Edwards own (AAPL) for clients
Edwards own (BAC) for clients
Edwards own (C) for clients
Edwards own (CSCO) for clients
Edwards own (FCX) for clients
Edwards own (GE) for clients
Edwards own (GLD) for clients
Edwards own (IBM) for clients
Edwards own (JCG) for clients
Edwards own (JNK) for clients
Edwards own (MSFT) for clients
Edwards own (NKE) for clients
Edwards own (TIF) for clients

For Dennis Gartman:
Funds managed by Gartman own Gold
Funds managed by Gartman own (ANDE)
Funds managed by Gartman own corn
Funds managed by Gartman own (RJA)
Funds managed by Gartman own (POT)
Funds managed by Gartman own (MOS)

Joe LaVorgna
***No Disclosures***

For Brian Nagel
Oppenheimer & Co. Inc. makes a market in the securities of PETM, SPLS, BBBY, ORLY, and TSCO.

For Charles Biderman
Funds managed by Biderman own (GLD)
Funds managed by Biderman own (AAPL)
Funds managed by Biderman own (CRM)

For Brian Stutland
***No Disclosures***

 Print
Patty Edwards of Storehouse Partners is making a pitch for Big Lots. Does her trade speak to you?
  Price   Change %Change
BIG ---
DLTR ---
FDO ---
GES ---

   
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