I have endlessly touted the virtues of shorting Pier 1 Imports (NYSE:PIR), the seller of scented candles, bongo drums and other knick-knacks from around the world that, let’s face it, no household really needs. This short is really starting to kick into gear.
My view is that we’re going to repeat the financial-crisis performance and Pier 1 will plunge the depths, possibly even facing bankruptcy in the years ahead.
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