Pier 1 Imports
Time to Dock at Pier 1?Pier 1 Imports (NYSE:PIR) is a retailer of home furnishings and other items. Not all that long ago its stock had been languishing in the low single digits. The reasons were simple: the economy was in rough shape, competition was stiff and its earnings prospects left a great deal to be desired. But the stock has stepped back from the abyss.This stock should be well into the teens or above by 2012.
In fact, the shares have rocketed up from around a buck a share in the last year to more than $8. Plus, some things have changed, such as the economy and the stock market now showing some signs of life. As well, the company's management has worked to keep costs under control and to drive the top line, and estimates for both this year and next year have been moving higher overall over the last few months. There could be even further upside potential as Americans ramp up their spending and housing demand picks up. However, the shares have come a very long way and so some profit taking is not out of the question. Of course Pier 1 isn't the only comeback story worth noting.
Time to Dock at Pier 1?Pier 1 Imports (NYSE:PIR) is a retailer of home furnishings and other items. Not all that long ago its stock had been languishing in the low single digits. The reasons were simple: the economy was in rough shape, competition was stiff and its earnings prospects left a great deal to be desired. But the stock has stepped back from the abyss.This stock should be well into the teens or above by 2012. 
In fact, the shares have rocketed up from around a buck a share in the last year to more than $8. Plus, some things have changed, such as the economy and the stock market now showing some signs of life. As well, the company's management has worked to keep costs under control and to drive the top line, and estimates for both this year and next year have been moving higher overall over the last few months. There could be even further upside potential as Americans ramp up their spending and housing demand picks up. However, the shares have come a very long way and so some profit taking is not out of the question. Of course Pier 1 isn't the only comeback story worth noting.
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