![]() ![]() A market-average 16-times forward multiple on those $0.65 earnings in three years implies a two-year forward price target of over $10. In other words, PIR is a sub-$3 stock that could net earnings per share of $0.65 in three years. If those investments don’t pay off, Pier 1 will be looking at big losses with no light at the end of the tunnel. The worst part about this is that margins, which are already significantly depressed, are about to head way lower thanks to the company investing in order to change. Consequently, there is a serious risk that PIR will fail to execute its turnaround strategy and continues to be gobbled up by e-retail giants. At the same time, Pier 1’s comparable sales growth went from consistently positive to consistently negative. But then e-retail went mainstream, and platforms like Amazon and Wayfair started stealing market share from Pier 1. ![]() PIR used to post consistently positive comparable sales growth. Pier 1 may very well one day be thrown into the box of companies that couldn’t survive in today’s omni-channel retail environment. But if they don’t (and there is a really good chance they don’t ), then Pier 1 stock could more than double from current levels. Yes, there is a ton of risk that the company just disappears over the next several years. In fact, that pressure has been so large that PIR just cut its dividend, suspended its buyback program, and launched a three-year turnaround plan which will significantly weigh on near-term margins.ħ Cheap Tech Stocks to Buy After the Facebook Revealīut, there is a light at the end of tunnel for Pier 1 stock. (NASDAQ: AMZN) and Wayfair Inc (NYSE: W). Sales and margins are under pressure thanks to e-retail competition from the likes of, Inc. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Around five years ago, this was a $25 stock. It has been a long fall from the top for PIR stock. ![]() Home goods retailer Pier 1 Imports Inc (NYSE: PIR) reported quarterly numbers, and they were bad. "Silvergate still has a $205 million outstanding term loan to Microstrategy as far as we are aware while this loan was significantly over-collateralized with BTC and performing as of year-end, we don't have insight into how, or at what value this loan could be liquidated at.Here we go again. "It's difficult to know what the ultimate outcome and time-line of this (winding down) process will be." "It's definitely not good for the crypto industry, and this could potentially mean a certain trend towards crypto moving outside the U.S., at least until a more comprehensive regulatory framework is established in the U.S." However, this concentration on one player proved to be risky." "One of the largest of these banks was Silvergate, which positioned itself as a crypto-friendly institution. "Traditional banks have refused to engage with crypto companies due to a lack of clear rules, leaving a gap that was filled by a few banks willing to take the risk." KONSTANTIN SHULGA, CEO AND CO-FOUNDER OF FINERY MARKETS It was clearly due to Silvergate not having enough cash leading to the lack of capital from the bank run." "Silvergate's demise was not a crypto problem. and banks' ability to deal with digital asset platforms and cryptocurrency brokerages." I think this could have significant implications for crypto regulations in the U.S. "Investors are concerned about the consequences of Silvergate's collapse. MARCUS SOTIRIOU, MARKET ANALYST AT GLOBALBLOCK ![]() Silvergate shares were down 26% while peer Signature Bank and former Silvergate partner Coinbase Global Inc fell 8% each. ![]()
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