Investopedia: Pier 1 Continues To Perform At A High Level

It's a beautiful thing when a company makes the transition from turnaround to good operator, and home furnishings retailer Pier 1 (NYSE:PIR) seems to be doing exactly that. Comp growth continues to impress, margins are looking good and the company has several initiatives underway that should drive higher sales and/or margins. I wouldn't be in any hurry to leave this party were I already in the room, but new investors might want to consider the valuation today before diving in with their own money.

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http://www.investopedia.com/stock-analysis/2012/Pier-1-Continues-To-Perform-At-A-High-Level-PIR-WSM-BBBY-TJX1214.aspx