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Pier 1 Offers To Buy All Of Cost Plus

June 12, 2008
   

I posted at The Landfair View, that Pier 1 Imports (PIR) has offered to take over Cost Plus (CPWM) for $88.4 Million in stock.  If I were a shareholder of PIR I would say BRAVO. 

Thanks for buying at what may be a significant bottom, rather than buying at the top.  Thanks for acting like a good-bargain shopper, rather than one who buys when money is burning a hole in his or her pocket.  Thanks for using stock, rather than debt, which could doom the venture to failure.  Sure it's risky! Sometimes just getting out of bed in the morning is filled with risk.  Thanks for finding a way to almost double revenues for $38 Million after cost savings.

Thoughts?  Email me at landfair3554@comcast.net

Posted by Mike Landfair on June 12, 2008 | Comments (0)