How many stocks are outstanding for the Pier 1 Imports company? Do they have any preferred...

How many stocks are outstanding for the Pier 1 Imports company? Do they have any preferred stock? What is the latest news regarding the stock? How is it doing in regards to the market, what is the current price? How has the stock price changed during this year (pre-and during COVID 19)? What is your recommendation in regard to this stock (Buy/Sell) and why?

Expert Solution

Answer: Pier 1 Imports company- This is U.S company that is into retail business of fragrant candles, furniture lanterns, rugs, curtains, mirrors, well decor, dinnerware, wall decoration and handmande gifts etc.

Outstanding shares- 4.26 Million

Preferred stocks- Company did not issue preferred stocks

Latest news- Company is facing liquidity problem and it winding down its business operation (news as on May 20). Company has filed for motion seeking bankruptcy. Once the stores will repoen, company will sell its inventory.

How is it doing with respect to market- It is not doing good with respect to market because its share price has come down from $15 to $.28 in last one year. Share price is continuously falling irrespective of the market.

Current price- $.28

Price change between Feb.15 to June 12 (During COVID 19)- Share price was at $3.56 on Feb. 14, then came down to $1.03 on Feb. 19 and then came down and now it is trading at $.28, it is because of COVID 19.

Recommendations- I will not recommend this stock because it has lost its value. It is not fundamentally and technically good. Investing into this stock is waste of money. This company is winding down its business operations so. If you have the stock, you can sell it.

jeff jeffy answered 1 year ago

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