- 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.
Pier 1 Imports: A Risky Turnaround Play
February 25th, 2019 · No Comments