Consumer stocks to sell now: #2 -- Pier 1 Imports (PIR) - Jamie Dlugosch

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Consumer stocks to sell now: #2 -- Pier 1 Imports (PIR)
Jun 06, 2009 06:00 PM UTC

Jamie Dlugosch

Return	Risk
+16.83%	LOW

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Symbol	Sentiment	Start	Return	Closed
PIR		06/06/09	-108.16%	--

Via BloggingStocks:

Filed under: Consumer experience, Stocks to Sell

Consumer stock to sell: Pier 1 Imports (PIR) Pier 1 Imports (NYSE: PIR) hit the rock bottom price of 10 cents per share in early March as the market bottomed.

Now two months later, PIR trades around $2.00 per share. In early May, the stock gained more than 10% as it regained compliance with the New York Stock Exchange.

I can appreciate the enthusiasm for PIR and its turnaround play, but there is still a lot of risk here.

Continue reading Consumer stocks to sell now: #2 -- Pier 1 Imports (PIR)

Consumer stocks to sell now: #2 -- Pier 1 Imports (PIR) originally appeared on BloggingStocks on Sat, 06 Jun 2009 13:00:00 EST. Please see our terms for use of feeds.

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