A Fool Looks Back

Pier 1 Imports (NYSE: PIR  ) has been one of the market's biggest winners since its shares bottomed out at $0.10 three years ago. On Thursday, the home-furnishings retailer reinitiated its dividend. The same Pier 1 that hadn't shelled out quarterly distributions since 2006 will now be rewarding investors with $0.04 a share every three months.

It's a modest sum, but can you imagine the lucky investors who snapped up the stock in March 2009, when it was trading for as little as a dime? Those shareholders are not only sitting on a 180-bagger right now, but they'll now also be making back their original investment every three quarters!

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • NVIDIA (Nasdaq: NVDA  ) has a new believer. Cantor Fitzgerald initiated coverage of the graphics-chip giant with a "buy" rating and $20 price target. Looking good, Nvidia.
  • Quepasa (AMEX: QPSA  ) is going in for a name change. The social-discovery specialist behind myYearbook and its namesake social-networking website will change its corporate moniker to MeetMe later this year. If that doesn't work, it can always be an online dating website with that name.
  • Sirius XM Radio (Nasdaq: SIRI  ) has been volatile in recent days. The stock was initially climbing on the prospects that Liberty Media (Nasdaq: LMCA  ) would add to its 40% stake in the company, but the shares went the other way when an analyst argued that Liberty is unlikely to pay up to grow its stake. I guess there's static even on satellite radio.

Moving on
Now that you've had a glimpse of the past, let's delve into the future. A new report details the latest Rule-Breaking multibagger that has earned Fool co-founder David Gardner's attention. The report is free, and you're closer to it than you might think. Check it out now.

Motley Fool newsletter services have recommended buying shares of NVIDIA and writing puts on NVIDIA. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Longtime Fool contributor Rick Munarriz calls them as he sees them. He owns shares of Liberty Media and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 07, 2012, at 11:57 AM, prginww wrote:

    Maybe it's the middle name Aristotle that makes me expect more than one paragraph at the end of the month, maybe your busy with other things. So much more to talk about besides this upward downgrade, he did keep his price target in place after all. I'm not sure I've ever seen you answer a question in the comment section before, but answer this. Do you have an answer to the exclusivity concerning the new deal with Chrysler. Will Chrysler carry 2.0 exclusively or will Chrysler have exclusivity with 2.0 for 1 year leaving the other OEMs out for that period? Do you agree with the filing by Liberty as simply getting approval ahead of any increase in ownership, and Mel's asking for denial to make sure they wouldn't actually grant it? What about your guess on the sub count coming up in Q1. Any comment on the law suit Mel brought recently? TIA.

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