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Pier 1 Imports, Inc. Message Board

  • jimmmeycrackcorn jimmmeycrackcorn Sep 12, 2012 10:45 PM Flag

    Mar 09 10 cents/share I was broke, lost over $3m - didn't know about this one....

    I refinanced and took over $3m cash out in Mar 08. By Nov 08, I was broke. I went full margin and overweight financials. Washington Mutual alone was a loss of $1.7m. Had the money came to me a year later in March 09, I would have put a good load into SIRI but didn't know about Pier 1 Imports at 10 cents as a one hell of a speculation! YES I DIDN'T KNOW ABOUT PIR BUT I WOULD HAVE MADE IT MY BUSINESS TO KNOW!!! I WOULD HAVE FOUND ALL THOSE SECURITES THAT NEEDED TO REFINANCE DEBT BUT COULDN'T. Today this trades at a 200 fold to the dime per share it traded in Mar 09. I would have easily sank $20,000 into PIR at a dime and turned this one into $2m alone.

    Today I can't afford to put food on the table. had if I did that cash out in march of 09 (a yr later), I would be worth $10 to $20m today...easily.

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