Pier 1 Imports, Inc. (PIR)

Should benefit first from a moderate uptick in consumer confidnece. Pent up consumer demand will first hit cheap chic, while there is still some gray area as to whether the economy is in full rebound/employment expansion. As soon as there is consensus that job growth is returning to long-term average rates, it is time to get out of PIR.

Should go bankrupt.

that which does not kill you makes you stronger
so since they didn't go BK they may stay in the game
the object of the game is to make $$ so conventional wisdom says if they don't die they live and if its not going down any more then it goes up

lol fingers crossed

I own PIR :-

http://finance.yahoo.com/q?s=pir&.yficrumb=yIQAwlz5SoW

Industry: retail (speciality non-apparel)
EPS = -0.59
EPS EST 1yr = -0.262 2yr = 0.087
PE = na Industry 14.5
PB = 1.97 Industry 1.6
PS = 0.26 Industry 0.3
P/CF = na industry 11.9
P/FCF = na Industry 8.9
Yield 0.0 Industry 0.0
Gross profit margin = 28.3 Industry 34.3
Operating margin = -3.4 Industry -1.7
Net Profit Margin = -4.2 Industry -1.1
ROA = -8.2 Industry -4.5
ROE = -31.8 Industry 0.0
Insider ownership = 2.0
Greenblatt ROC = -16.09
Greenblatt Earnings Yield = 0.00
PosFCF generic % free cash flow yield -16.07%***
Passes 13 of 17 of Mike Klein's metrics
MaxPrice = 13.94 Discount 74%**
Metrics from qtr ending 8/29/2009
Caps rank 1
http://caps.fool.com/Ticker/PIR.aspx
MC score 236

All good enough for my money. I only suggest stocks that I own !

(See posts 388/584/665/760/1051/1807/2213/3546/3755/4046/4208/4225/4345/4573/4818/5241/5242/5310/5461/5579/
5169/7651 on 'Investment Analysis Clubs / Dynamic Value Investing ' board for extra due diligence applied ). **MaxPrice is a generic version of Mike Klein's Maxprice and ROC and Earnings yields are generic versions of Greenblatt's metrics. *** PosFCF generic % free cash flow yield taken from AAII and posts 5248 and 5253

See 'Investment Analysis Clubs / Dynamic Value Investing' board and my CAPS profile for further excellent companies selling at a discount to Maxprice with excellent current metrics. CAPS only shows my selections over 100Mill (unfortunately due to restricted lower market cap applied by MF CAPS).

As stated on the 'Investment Analysis Clubs /Dynamic Value Investing' board my aim is to obtain up to 50% returns p.a. as Buffett stated he could obtain (3 times) recently. A very difficult task but you can follow along with my buys and sells on my CAPS page, where I put my money where my mouth is . If I perform well I hope you can benefit. If not , feel free to ignore my comments. CAPS allows each and everyone of us to be clinically judged on our stock picking abilities over the LONG TERM.

Please always do your own due diligence before investing.

Manucastle :o)

Bed bath and beyond is having some trouble, and pir is starting to finally take advantage of that. I see this one rebounding as the housing market rebounds. with their new rebranding and increased product selection, theyre starting to dip their hands in several housing niches which should help greatly.

They don't normally announce comps, but lately they have been more forthcoming because the news has been good. I expect positive comps because the comparisons are favorable and the merchandise is great. Check out what Cramers counterpart said about the merchandise on todays "Stop trading" . A strong endorsement from the target consumer.

Earning forecasts up >5% in last month

Loses either way... sentiment expects kick-a$$ holiday season, if it happens, its still an outdated furniture retailer with a bad balance sheet... if it doesnt game over. either way this stock has a long time until its next period of 'good news'.

I can't believe I'm doing this. Outperform.

Sad... sad... sad... Pier once was a great company. Operating losses have punished this company and there is only so much inventory and jobs they can lighten up on. That being said, if it gets below 2.50 I will end my short pick.

Low Price with High Professional Opinion

Pier 1 struggled in the good times of the housing boom. I think they will go bankrupt in the tough times ahead for the US Consumer.

Big runup, wildly overvalued, set for a fall.

$1.50

Horrible store, overpriced junk, has to be heading for bankruptcy.

No market for their products during recession.

Short term hedge for potential pre- & -post earnings season market falls. Tough market for even the best unprofitable retailers.

only way is up

Putting underperforms on all the stocks I can't short, to make me feel better. Wish I'd bought this one in March. Suspect it is going back there. They are still trying to sell the stuff that was on clearance after Christmas.