SCSF Equities reported owning 5,543,579 shares (6.2%) after buying 1,838,454 from Oct. 14 to 16 at $1.47 to $1.49 each.

I like rolling it on a semi-day trade basis

Elliott Associates cut its stake to 768,000 shares (0.9%), from the 5,922,254 (6.7%) it reported owning last June.

Upgraded by UBS from Neutral to Buy

Up 46% YTD

Think it has potential to blow up.

From Barron's 6-18-07:

"Another stock we like -- it's a new recommendation from Goldman Sachs -- is Pier 1 Imports [PIR], a turnaround situation. Pier 1 and its shareholders have gone through a difficult four years, and the stock is down 70%...There is still the possibility of failure at Pier 1, but we feel increasingly comfortable the new management will be able to execute a turnaround."

Comeback Retailer

Sold more than half of its 3.29 million shares of Pier 1 Imports Inc., leaving 1.48 million shares left.

Pier 1 Imports (PIR)
A group including Elliott Associates wants Pier 1 to close numerous stores. The investment group said that it's "puzzled" by the pace of PIR's cost-cutting and restructuring, which it considers too slow. Elliott suggested that more savings would bring "immense value" to shareholders through creation of a "leaner, profitable company," fit to weather competition. Elliott also wants new members added to the board. The group holds about 4.84 million shares (5.5%).

where's the business

I bought at 9 it went to 12 now its 6 how stupid am I

Good store only if you want to buy wicker Indonesian furnishings. For the other 99% of Americans, its a junk shop.

bad performance

lost their financial way

Pitiful store. Pitiful performance.