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Pier 1 Imports, Inc. (PIR) [hlAlert]

Hold PIR
down 92.02 %

Pier 1 Imports, Inc. (PIR) downgraded to Hold by Wedbush Morgan

Posted on: Thursday,  Mar 19, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Hold Pier 1 Imports, Inc. (NYSE: PIR) on 03/19/2009. Previously Wedbush Morgan rated Buy Pier 1 Imports, Inc. (NYSE: PIR)
on 10/10/2008., when the stock price was $1.88. Since then, Pier 1 Imports, Inc. has lost 92.02% as of 03/19/2009's recent price of $0.15.
If you would have followed the previous Wedbush Morgan's recommendation on PIR, you would have lost 92.02% of your investment in 160 days.

Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names `Pier 1 Imports` and `The Pier,` selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name `The Pier.` The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2009 9:25 AM Hold
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -59.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2008 8:25 AM Buy
1.88 4.00
9/4/2008 8:25 AM Buy
4.09 6.00
6/20/2008 10:25 AM Buy
5.00 7.00
4/11/2008 10:25 AM Buy
7.52 8.50
12/21/2007 10:25 AM Buy
5.15 7.50
11/7/2007 11:25 AM Hold
4.26 6.00

(*) Stock Price at the time of the recommendation.
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