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PIR - Pier 1 Imports: The Speculation Play Of The Year
Pier 1 Imports
We all know the market goes to great extremes. In some cases it values companies with pie-in-the sky valuations, and in other instances, it values companies for scrap when they don't deserve it.
Being able to short an unjustified rich valued stock, or buying stock that trades for scrap unjustified is not east. Mostly, because of the headline noise. In the case of Pier 1 Imports (PIR), I think the valuation has been unjustifiably compressed mainly due to the bad headlines news.
While I will not rule out the possibility that PIR might