Have you ever considered Pier 1 as a deep value play?

[BargainValueHunter]

http://www.google.com/finance?q=NYSE%3APIR

 

I kinda wish I could have gotten in during Q1 2009.

 

Except for current BV the numbers look pretty decent.

 

http://stocks.investopedia.com/stock-analysis/2010/Pier-1-Continues-Its-Turnaround-PIR-BBBY-WSM-CPWM-LZB0920.aspx?partner=YahooSA

 

http://stocks.investopedia.com/stock-analysis/2010/Pier-1-Getting-Customers-Back-PIR-BBBY-HVT-TJX0921.aspx?partner=YahooSA

[Josh4580]

KIRK is the cheapest play in that industry.  However, they have had alot of insider selling since $6 a share. 

[BargainValueHunter]

http://www.businessweek.com/ap/financialnews/D9J06LU00.htm

 

Best Part:

 

The company also has lowered its debt and improved its cash position and Nagel expects management will look to return excess cash to shareholders soon.

[BargainValueHunter]

A short update:

 

If you are prone to invest in rallies this MAY interest you:

 

http://www.google.com/finance?q=NYSE:PIR

 

This portion of retail REALLY depends on whether you believe the economy is turning up or if we are at the beginning of a QE2 head-fake.

 

[BargainValueHunter]

After nearly becoming a 250 bagger, Pier 1 has (once again) fallen on hard times.

 

But the future still looks bright:

 

http://online.barrons.com/news/articles/SB50001424053111903927604579628681917588934?mod=BOL_twm_fs

[Lance]

Pier 1 is sort of interesting here.  Perhaps long Pier 1 and short RH (Restoration Hardware) as a pair trade.

 

Thanks,

Lance

 

[BargainValueHunter]

http://www.benzinga.com/analyst-ratings/analyst-color/14/08/4770528/deutsche-bank-an-activist-investor-may-perhaps-show-inte

 

The analyst assumes a minimum 1.5x coverage ratio, beginning debt to EBITDAR of 5x to 6x and approximately 30 percent equity-to-cap. In addition, a return on equity of 15 percent is set as a minimum.

 

The analyst also assumes a bank debt carries a rate of LIBOR plus 350, or about four percent, and that high yield debt carries a rate of eight percent.

 

“Recently, however, we believe investors have moved a bit more to the aggressive side, accepting either less equity (so more levered) or traditional leverage metrics less stringent than historically speaking, so we also run our leveraged buyouts with a coverage ratio under 1.5x, adj debt to EBITDAR above 6x and only 20 percent equity-to-cap,” the analyst wrote before concluding “we believe a buyer could pay between $17 to $17.50 for the company.”