Pier 1 Imports: An Asymmetric Opportunity To Achieve Outsized Returns [Seeking Alpha]
PIER 1 IMPORTS (PIR)
Last pier 1 imports earnings: 6/26 04:15 pm
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US:NYSE Investor Relations:
investors.pier1.com
Company Research
Source: Seeking Alpha
Summary Executive Summary My investment thesis is to buy the stock today at depressed prices and take on the forecasted assumption of lower EBITDA for the next 3 years while management implements their turnaround strategy. Then, once the company’s operations have achieved stabilization, sell our shares of the company to the market, which at that point will have positive base case assumptions seeing as the years of tumultuous turnaround are behind the company and management has proven itself once again. This thesis is supported by longer term tailwinds in consumer spending on household furnishings, which helps to forecast an increase in demand over the next 3 years for Pier 1’s (NYSE: PIR ) products. The Market for Household Furnishing Products Source: Bureau of Labor Statistics Pulling consumer spending trends and data, we can point towards the growth in consumer spending in the household furnishings category, which fits Pier 1’s product niche. Spending i
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