Ara Nalbandian
Pier 1 Imports
PIR-N
BUY ON WEAKNESS
Jan 19, 2011
Has had some trouble through 2009. They survived and are posting some pretty strong sales numbers. They are working through issues. Is a reasonable value here. Would not initiate a position here.
Frugal consumer and improving US housing market will benefit them. Lots of on-line, not IKEA and very value conscious. They had a real slip up in 2008/9 and are revamping stores. She sees them returning to previous sales levels.
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