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Pier 1 Imports: A Risky Turnaround Play

February 25th, 2019 · No Comments

  • The shares have crashed on declining sales and margins and increasing losses, and the CEO resigned after further setbacks in Q3.
  • The new CEO has experience with turning around struggling retail outfits and a modicum of optimism has returned to shareholders with the stock price well off the lows.
  • While management still has considerable time and options, the combination of reviving sales and cutting cost seems pretty daunting to us.
  • So, this is a risky situation, although if they pull it off, the rewards can be substantial.

Source: Pier 1 Imports: A Risky Turnaround Play – Pier 1 Imports Inc. (NYSE:PIR) | Seeking Alpha

Tags: PIR