Pure evil. fool investor on accounting
$Big Lots (BIGGQ.US)$ $167.4 m impairment = 5.5 per share, so make sure equity holders are wipped out. Pure evil. You need to both unwind asset and liability. Cannot keep liability but just writing off asset. You can do it for tax defering but not meaning losing money.
So, it is intentional taking over plot because stupid heirs are too stupid to control the company. In such case the 2.5 m cash buying out payment can also be swallowed by evil management as well. Let me know if you see some lawyers want to have class action, I’ll be plaintiff, bravely.
These bad guys are too simple. Do they think Shenk family is like retail investor sitting duck? Those level of family can easily find some ambitious lawyers and statesmen to help them to get a fair result. Especially when new Big Lots turns to profit.
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CFA, FRM, P-Quant。然而自己投资并不量化…个人投资观点，不代表供职的银行或客户（反正我看不到）。不提供投资建议。
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