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Pier 1 Imports, Inc. Message Board

  • m5_research m5_research Jun 2, 2005 10:05 AM Flag

    When a bull turns bearish

    When a long term bull of PIR turns bearish, it's time to get out. I warned everyone yesterday.

    Let's check back when the price get's to 12.

    Regards.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Well, I haven't posted here in a long time. I took a beating a long time ago and took the losses against strong gains. This really is not a very good company from most marketing and merchandising points of view but I believe this can be a buy around 9-10. There is a little pop in the stock at this level if you can wait. A lot of work is required as the upscale discounters squueze from the bottom and speciality atores and catalogs squeeze from the top. Not everyone is interested in over priced market goods as they can buy the market goods from Walmart cheaper. The better goods are more interesting at say Target.

      Buffett does not make many mistakes and if he waits long enough 30 months or so he could be even. He has this kind of horizon I would guess. No problems with financial health here but the difficulty with market share erosian is just not over by a long shot.

      The TV advertising will not fix the real problem which is low end product at premium prices.

 
PIR
15.11-0.14(-0.92%)Jul 11 4:00 PMEDT

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