Pier 1 Imports, Inc. (NYSE: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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Pier 1 Imports is the classic place to get imported goods at a decent price.
The Revenue Growth has been great over the last 5 years.
Plus, they just increased the Dividend up.
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Products are too expensive.
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I went long on this stock back at $1 in 2009. Now every speculator loves it, so I'm taking the opposite view.
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This is my all time biggest loser and worst pick, and yet I cant help but stand by that pick.
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I honestly don't have a problem with Pier One, but label me a skeptic of their business model and valuation. I guess I just question the run up of PIR from a penny stock in 2009 to the current valuation of ~$16. I have thought of them as a fad retailer on their way out for a number of years but the stock price seems to continue to defy gravity. I don't know anyone who shops their stores anymore, and I just can't see the new generation of women shoppers buying home decorative items from the stores. Their demographic is getting older, and they haven't really made a huge effort to reach the younger generation of customers. A sell @ $16.
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A stronger dollar will help Pier One to get back on the winning track.
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This stockearning are great and keep increasing
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please tell me you realize it is a recession. RECESSION.
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comeback story, strong brand
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I expect growth in the home furnishings/home improvement sector as people turn toward improving what they have instead of upsizing their homes.
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What do people buy there that they cannot get at Garden Ridge, Wal Mart, or World Market? Consumer is downsizing and this retail space is crowded.
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the economy will get better and this is under priced.
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strong retailer
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lhi ladys and gentleman i'm not a peacher but only know the statistics and numbers so all you get is buy strong or sell short play with me or agasinst me either way is fun and excuse my language dont mean to offend anyone this stock is a most buy you can make a quick 50% profit if the dow goes on a rally
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I think people aren't going to be buying as much furniture in the years ahead as they have in the past. Even though the economy is "recovering".
I also found this on google... Google Furniture Index. Interesting, I wonder how good this index is at predicting sales/trends in an industry.
http://www.google.com/finance?q=GOOGLEINDEX_US:FURNTR
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Chain and concept seems tired, have not shopped there in at least 5 years.
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Looks like things are turning around.
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Undervalued relative to its industry and strong earnings per share growth predicted.
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best short opportunities in today's market:
HGSI, PIR, SBAC,PCYC,IVAN,GMCR,PNRA
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I was suckered into the "Stock Option Plan" when I was employed with Pier 1 Imports and the stock has yanked steadily since I left employment back in 2001. I have 17 shares of this stock and wish to sell it but it doesn't seem to be worth the certified paper it is printed on. I habe also noticed their merchandise is much cheaper in quality and their store employees do not engage customers as I was trained to do when I worked there.
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