Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of retailer Pier 1 Imports
So what: Pier 1's current fiscal 2011 price-to-earnings multiple of 12 suggests that investors aren't overly bullish on the stock and probably don't buy into the 12.5% growth that Wall Street is expecting over the next five years. However, the optimistic comments from Oppenheimer analyst Brian Nagel -- who reiterated his outperform rating on expectations of a sales rebound -- appear to have investors reconsidering their position.
Now what: I recently put out a list of retailers such as Jo-Ann Stores
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