Has the Pier 1 Ship Sailed?
A few days ago, Pier 1 Imports (PIR) CEO Alex Smith appeared on Jim Cramer's "Mad Money." Smith used the show to get the Pier 1 turnaround story out to the investor community.
He was hired in 2007 to turn the company around after several years of declines. It wasn't long ago when you could buy Pier 1's stock for the spare change in your pocket. In March of 2009, the stock touched 11 cents. Yes, 11 cents a share. Since then the stock is up almost 12,000%....394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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