We believe that Pier 1 Imports (NYSE:PIR) provides a unique combination of value, being one of the cheapest furniture retailers in an industry supported by multiple macroeconomic tailwinds, growth, through its recent aggressive capital expenditure plan to improve its store base and grow its omni-channel strategy, and stability, supported by expanded returns of capital through dividends and recently increased share repurchase activity. We believe that this three-part scenario has risen from weak results during 2013, but we also believe that this pressure has been overdone by investors. The recent investments and push into e-commerce, which represents most of the reason for the weak 2013, should enable the company to realize substantial long-term benefits. This growth, combined with the...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|