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Pier 1 Imports, Inc. Message Board

  • zzzyankee zzzyankee Mar 22, 1999 3:21 PM Flag

    Anyone hear rumor of Sears buyout@$14??

    ZZZ

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    • They need PIR to keep functioning so that the
      store in Puerto Rich and Mexico can continue to
      operate.

      After PIR goes into Chapter 11, it will drop to 50
      cents.

      Sears will move to take over PIR in bankruptcy
      court.

      I'm going long on PIR at 50 cents. It will take some
      time for Sear's to get bankruptcy court approval to
      take over PIR.

      When the court approves the
      takeover, my 50 cents will go to 7 or 8, maybe more,
      depending on how many of the non-performing stores are
      closed by the court before the takeover.

      • 1 Reply to funnyman_222
      • Can you believe this!!!

        Funnyguy
        said:

        "PIR needs to keep functioning so that the stores
        in
        Puerto Rich and Mexico can continue to
        operate.

        After PIR goes to 11, it will drop 50 cents and
        then is the time to buy BIG.

        Sears will try to
        take over PIR but will go bankrupt trying.


        I'm going long on PIR to 50 dollars. It will take
        some time for Sear's to go bankrupt but will get
        approval to take over PIR.

        When the court approves
        the takeover, my shares will go to 70 or 80, maybe
        more, depending on how many of the non-performing
        competitor stores are closed before the
        takeover."

        Right On Funnyfuk. You have seen the light!!! Go Long
        on PIR like Funnyass!!

        Go BIG 10!

    • I haven't heard the rumor, however, it doesn't make much sense if Sears is trying to dump their At Home furniture stores.

 
PIR
4.54-0.11(-2.37%)Aug 26 4:02 PMEDT