PIR [Archive]

**grus2003** Fri Oct 28, 2005 12:16 pm

PIR
Although Buffet is a major holder of this stock, I believe PIR may down to below 5 soon since 1) US economy is so-so 2) customer consumption is shrinking with high energy price 3) less & less people need more pier 1 goods along with cooling-down housing market.

PIR's balance sheet looks healthy, so it may hold there for years. However, if US economy gets too bad, PIR will go BK & could be an asset play.

In a word, PIR doesn't have competitive advantage & depends on customer consumption too much.

It's not a good investment in foreseable future.

**balaoko** Sat Oct 29, 2005 11:41 pm

Re: PIR
I am interested in how you get the target "5"?

grus2003 wrote: Although Buffet is a major holder of this stock, I believe PIR may down to below 5 soon since 1) US economy is so-so 2) It's not a good investment in foreseable future.

**grus2003** Sun Oct 30, 2005 10:19 am

Re: PIR
"5" means much lower, nothing special, not a target. Maybe 7 or 2, who knows.

balaoko wrote: I am interested in how you get the target "5"?

**balaoko** Sun Oct 30, 2005 4:33 pm

Re: PIR
3x:) I asked the question because of my past experience, when I used a lot of technique analysis. From that point of view, 5 is just a good guess. I am wondering how the FA can get the same result as TA. now I know what you mean :)

grus2003 wrote: "5" means much lower, nothing special, not a target. Maybe 7 or 2, who knows.

balaoko wrote: I am interested in how you get the target "5"?

**springsnailt** Fri Mar 24, 2006 12:47 pm

研究一下PIR吧，我看有希望翻身。

**springsnailt** Fri Mar 24, 2006 6:26 pm

It has a healthy balance sheet. But the business has no bright points. The ROC during the past five years is below 10, current EV/EBITDA 15. With a large % of imports from China, the COGS will go up given weak USD, but revenue increase is simply not enough...

springsnailt wrote: 研究一下PIR吧，我看有希望翻身。

**grus2003** Fri Jul 14, 2006 6:46 pm

Getting closer and closer to 5.