This company is expected to grow earnings for
aproximately 18% next year while its trading at arround 13
times earnings. It�s a well managed, well capitalized
firm selling for a cheap price.
I really haven�t
done any reseach but I was wondering whether someone
out there could give some information to get started.
Just a general overview with next quarter estimates
and a target price.
Thanks. The only fly in the ointment for PIR and
the current upbeat sentiment is if the Fed fails to
cut interest rates by a 1/4 point on Nov 17, as I
believe investors have factored that in and and
disappointment could have some negatives on buying mood if the
markets react in any major way. Otherwise, it should be a
good holiday season for retailers. I do have many
reservations for next year should the bear return in force.
Thanks for settling this mystery about imo/imho.
I think the recent reduction in mortgage rates and
refinancings will pump spendable dollars into retail this
Christmas, so I agree with your positive outlook on PIR. I
only hope that J.C. Cooper and Kathleen Madigan are
wrong (Business Weeks, Nov 16,98 pp 39)about a
household backlash. It is a confusing time and everyone is
wondering if the recent upswing in the market can be
sustained. BW's analysis is that corporate profits are down
and will eventually put pressure on households.
Depends on Asia, Brazil, and nearly everything
I like PIR's steady basic improvement in store
sales. This is fundamental. While the big picture is
murky, PIR just keeps plugging along. I think they will
gain because currency rates favor importing and PIR is
well positioned to take advantage. Keep in touch Mr.
Brad and hope that some of the strange goings on with
this board are resolved soon so investors can once
again share data and thoughts intelligently. Regards
Althouh PIR is considered specialty retail store
it's stock price is not only tied to the seasonal
nature of retail stores but there also are other factors
that effect its stock price.
One is that it is
not a discount store like Sears and Walmart therefor
its doesn't have a diverse inventory and doesn't
appeal to the masses. Its customers are either improving
thier home or buying a gift. The former which ties the
stock price to housing starts/expansions/improvements
which add the variable of availability of home
financing to customer disposible income.
I have sat on the sidelines
watching all this irrelevant discussion and waiting for
PIR to get ready for a run back up. I have decided
that now is the time. The best buy I could find was
the 7 1/2 June 1999 options, which were selling for 3
1/2 today. That means the stock price only has to get
to 11 by June to break even. Anything over 11 is
profit and every point above 11 is a 28.5% return on the
original investment. Anyone here want to bet I won't see
at least 100% return on this one? (Don't bother
replying HorrayPir; I already figure you don't think so.)
I made the same sort of options play on PIR last
December-February and made a killing.
about double what they are selling for now.
a company has a small float, that is # of
shares actually traded,
it is easy for the big
players to manipulate the share price to
advantage, i.e. hold down the price until most of
small players capitulate and let them scoop up our
Then they run up the price for a big,
fat killing. I've seen it
over and over again and
sometimes I still fall for their tactics