Pier 1 Imports, Inc. (PIR)
A retailer, consisting of stores operating under the names 'Pier 1 Imports' and 'Pier 1 Kids', selling a variety of furniture, decorative home furnishings, dining and kitchen goods, and bath and bedding accessories and other specialty items for the home.
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PIR has been a loser stock for years. I can't see them flourishing when home prices are falling. Who's going to spend money to decorate a home they might lose?
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Pier 1 is in my eyes a premier house furniture and decorator store. They have great stuff and at great prices. Even Pier 1 has caught on in the name dropping. I have heard many people brag about their great furniture that they picked up at Pier 1. As the housing market comes back up soon, you will see Pier 1 enjoying it even more.
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stores closing left and right out here in the chicago area... does not look like a good image...
company sales continue to decline..
SELL SELL SELL.. SHORT SHORT SHORT
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With the dollar falling, imports are more expensive, but that is just the icing on the cake for this stock.
Do you know anyone who still shops at Pier 1 imports? Whenever I go in there I find markdowns, no selection, and nothing I need for my house.
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Latest (4-10) Earnings Report unconvincing in terms of a true turn-around...It's just marginally better than the past 3 years of increasingly horrid results due to write-downs, closings etc.
What makes this Retail stock's (economy/recession) outlook much worst than most stores is its direct-correlation to the housing market, which will remain in the dumpster for quite sometime.
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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.
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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.
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I like this stock - the complete home furninshing is always good for an uplift
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A business that sells a bunch of overpriced trendy crap to decorate your home with - I'm sure this will go over great in the current economic climate.
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They are simply a HUGE Mess! Too much competition, bad product line choices, and their on the verge going lower!!Can I say Sinking Ship, and you can't scoop out the water fast enough!
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well known and fundamentals, fundamentals, fundaments
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Looks cheap @ <2.50...Good company with a strong sheet....Small enough to change with the economy ups and downs...Buying in....
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retail is dismal
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this stock is a sell
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CEO has done tremendous job since arriving, shows why former employer sued to keep him from coming to PIR. Costs have been cut, underperforming stores shuttered, merchandise refreshed. PIR on the way to becoming relevant again. Management deserves benefit of doubt for deal to acquire CPWM. Operating synergies appear real, improved execution on sales side once PIR management in charge not even being considered. And if deal goes away, PIR stock will rise on a misplaced relief rally. Meanwhile, PIR's management touting how well they've done turning around the co in the letter bidding for CPWM means it's very likely they'll put up another better than expected quarter. I'm guessing a loss of 0.05 or even a few cents of earnings. Stock should be up 50% in a year or less.
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Low Price with High Professional Opinion
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Sales have been so lame for the past year that comps should be a slam dunk. Also decent buyout prospects.
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Time to go back down to 4. I pass by these stores and never see anyone in them. Not a good sign.
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A run up this fast is a sign of an unhealthy market.

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