By any reasonable standard,
Pier 1 Imports (NYSE:
PIR)
has delivered an exceptional turnaround. It wasn't really that long ago
when people were writing this company off as hopeless and pointing to
Warren Buffett's investment in the retailer as a sure sign (yet again)
that he had lost his touch. Since then, the stock has delivered
exceptional returns to those brave enough to buy during the dark times.
Now Pier 1 has a new problem - that of Wall Street's bottomless appetite
for growth. Good enough is no longer good enough, and investors may be
in for a few more difficult quarters before the shareholder base has
turned over to a more a conventional retail growth crowd.
Please continue here:
http://stocks.investopedia.com/stock-analysis/2012/Can-Pier-1-Rekindle-The-Fire-PIR-CPWM-WSM-BBBY0620.aspx
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