Replies to post #769 on Pier 1 Imports Inc. (fka PIRRQ)

[retrotrader]

We are on the same page. Institutional money has backed this company forever..they won’t let it go down. On top of that the new CEO means business. I would have loved to been a fly on the wall last week when that bashing report came out. She didn’t waist any time getting a ‘you’re full of shit’ response out. That response turned the tide here.Good stuff.

[tdeck]

I agree, as well the reason it should go back above $1, the simple explanation is book the book value.

The last time PIR was in this predicament I made a step up in my investment career and the look of things and predictions were quite dire indeed.

In March 2019 I accumulated 500K shares @.14-.16 and was laughed at, bears said it was going bankrupt etc etc.

Well I ended up doing extremely well (changed my life) selling the stock after Jan that year in 10K blocks every 2 months then every month from 6-23 a share til it was gone.

Is it in the same situation, no, we were facing a huge recession, people losing houses and needing cheap, the styles have changed, peoples shopping habits have changed. But anyone that thinks a RS or BK is in the cards is highly mistaken.

Old giants like this don't just poof and their gone, not unless they re total frauds, takes these old dogs forever to die if they are going to as everything possible is done for them not to, by large holders, the company etc.

This will be a great winner in 2019-2020, catch dips play it keeping a core holding, may not make what I made after the visit to the pennies in 2009 but I bet you do well as far as investments go IMHO

Peace out.