Is It Time To Buy Pier 1 After This Sell-Off? My LR Model Suggests Otherwise
- Pier 1 continues to fall after management announced its Q2 earnings miss.
- Poor visibility into Pier 1’s business should frighten investors.
- My assumptions in the Levered Returns valuation models yield a fair value per share of $10.70, 12% below its September 23 closing price of $12.14.