Pier 1 Needs To Prove Sales Turnaround
Pier 1 shares have soared over the past three months, but investors could be overlooking key risks.
Pier 1Imports (PIR) - Get Report shares have soared by more than 70% over the past three months, surpassing the S&P 500's 4.6% gain. Investors flocked to the stock after CEO Alex Smith said the company was seeing strength in all of its holiday categories, which bodes well for sales and merchandise margin. But TheStreet's Brian Sozzi says investors may be overlooking two huge risks.
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