Patty Edwards Thinks That Big Lots (BIG) Is A Buy

On CNBC's Fast Money, Patty Edwards said that she is watching Big Lots, Inc. (NYSE: BIG). She thinks that the bad news are already reflected in the price of this stock. Big Lots, Inc. (BIG) recently lowered its guidance, and the stock is currently trading at 10 times earnings.

Patty Edwards believes that Big Lots (BIG) could jump to $35, because investors would rather buy a stock like this one, than Family Dollar Stores, Inc. (NYSE: FDO) or Dollar Tree, Inc. (NASDAQ: DLTR).

Big Lots (BIG) fell 0.43%, while Family Dollar (FDO) gained 0.61%. Dollar Tree (DLTR) lost 0.11% today.