Pier 1, Inc. is a solid company that is showing strong signs of growth, and would be an excellent buy and hold for a risk adverse investor. With today s market volatility, a stock with low risk and above market return is a winner. However, those wishing to make a quick and big profit should look elsewhere. Barring an extraordinary event, this company is going nowhere fast, but has been showing some steady growth in sales, especially in the last two reported quarters, which were significantly greater than the same quarters in previous years. Much of the revenue for the Company is being spent on financial activities that suggest management is trying to increase the stock price, which is currently significantly undervalued.
Management reports higher than industry returns on equity, investment, and assets.
I recommend a buy and especially hold, and with the stock at such a low current price it s a bargain.