RE: [CANSLIM] What's wrong with this picture: Pier 1 Import's Profits Soar 80%


From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] What's wrong with this picture: Pier 1 Import's Profits Soar 80%
Date: Wed, 19 Jun 2002 10:40:03 -0500

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Percentages can be deceiving particularly when the base number is low.  Take
a closer look at the 12 month trailing EPS for Pier 1 and you get a somewhat
different picture..

May 2001     $0.93
Aug 2001      $0.89
Nov 2001      $0.91
Feb 2002      $1.04
May 2002      $1.14   A gain of 23% over the previous 12 month period, not
80% based upon a quarter to quarter comparison.

Nevertheless, in this market, not too shabby.

Fred
  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
  Sent: Wednesday, June 19, 2002 10:08 AM
  To: canslim@lists.xmission.com
  Subject: RE: [CANSLIM] What's wrong with this picture: Pier 1 Import's
Profits Soar 80%


  Maybe it's that new accounting firm Monday (formerly KPMG- no joke- they
changed their name to Monday. As in, "I hate.....")
    -----Original Message-----
    From: Fred Richards [mailto:adrich@gte.net]
    Sent: Wednesday, June 19, 2002 10:05 AM
    To: canslim@lists.xmission.com
    Subject: RE: [CANSLIM] What's wrong with this picture: Pier 1 Import's
Profits Soar 80%


    Maybe the got a new accounting firm?
      -----Original Message-----
      From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
      Sent: Wednesday, June 19, 2002 9:53 AM
      To: canslim@lists.xmission.com
      Subject: [CANSLIM] What's wrong with this picture: Pier 1 Import's
Profits Soar 80%


      What's wrong with this picture? Profits increasing 80% in one quarter?
Smells fishy to me. IBD ranks the stock a 99. I welcome any thoughts.

      http://dallas.bizjournals.com/dallas/stories/2002/06/17/daily19.html

      Kelly

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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR></HEAD>
<BODY>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =

size=3D2>Percentages can be deceiving particularly when the base number =
is=20
low.&nbsp; Take a closer look at the 12 month trailing EPS for Pier 1 =
and you=20
get a somewhat different picture..</FONT></SPAN></DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =
size=3D2>May=20
2001&nbsp;&nbsp;&nbsp;&nbsp; $0.93</FONT></SPAN></DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =
size=3D2>Aug=20
2001&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0.89</FONT></SPAN></DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =
size=3D2>Nov=20
2001&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0.91</FONT></SPAN></DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =
size=3D2>Feb=20
2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.04</FONT></SPAN></DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =
size=3D2>May=20
2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1.14&nbsp;&nbsp; A gain of 23% over =
the=20
previous 12 month period, not 80% based upon a quarter to quarter=20
comparison.&nbsp; </FONT></SPAN></DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =

size=3D2>Nevertheless, in this market, not too =
shabby.</FONT></SPAN></DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D500331715-19062002><FONT face=3DArial color=3D#0000ff =

size=3D2>Fred</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Kelly=20
  Short<BR><B>Sent:</B> Wednesday, June 19, 2002 10:08 AM<BR><B>To:</B>=20
  canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] What's =
wrong with=20
  this picture: Pier 1 Import's Profits Soar 80%<BR><BR></FONT></DIV>
  <DIV><SPAN class=3D183530715-19062002><FONT face=3DArial =
color=3D#0000ff=20
  size=3D2>Maybe it's that new accounting firm Monday (formerly KPMG- no =
joke-=20
  they changed their name to Monday. As in, "I =
hate.....")</FONT></SPAN></DIV>
  <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
    <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
    size=3D2>-----Original Message-----<BR><B>From:</B> Fred Richards=20
    [mailto:adrich@gte.net]<BR><B>Sent:</B> Wednesday, June 19, 2002 =
10:05=20
    AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
    What's wrong with this picture: Pier 1 Import's Profits Soar=20
    80%<BR><BR></FONT></DIV>
    <DIV><SPAN class=3D130460215-19062002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2>Maybe the got a new accounting firm?</FONT></SPAN></DIV>
    <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
      <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
      size=3D2>-----Original Message-----<BR><B>From:</B>=20
      owner-canslim@lists.xmission.com=20
      [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Kelly =

      Short<BR><B>Sent:</B> Wednesday, June 19, 2002 9:53 =
AM<BR><B>To:</B>=20
      canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] What's =
wrong with=20
      this picture: Pier 1 Import's Profits Soar =
80%<BR><BR></FONT></DIV>
      <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
      class=3D675535114-19062002>What's wrong with this picture? Profits =

      increasing 80% in one quarter? Smells fishy to me. IBD ranks the =
stock a=20
      99. I welcome any thoughts.</SPAN></FONT></DIV>
      <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
      class=3D675535114-19062002></SPAN></FONT>&nbsp;</DIV>
      <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
      class=3D675535114-19062002><A=20
      =
href=3D"http://dallas.bizjournals.com/dallas/stories/2002/06/17/daily19.h=
tml">http://dallas.bizjournals.com/dallas/stories/2002/06/17/daily19.html=
</A></SPAN></FONT></DIV>
      <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
      class=3D675535114-19062002></SPAN></FONT><FONT face=3DArial =
color=3D#0000ff=20
      size=3D2></FONT>&nbsp;</DIV>
      <DIV><SPAN class=3D675535114-19062002><FONT face=3DArial =
color=3D#0000ff=20
      size=3D2>Kelly</FONT></SPAN></DIV></BLOCKQUOTE>
    <HR>
    For your protection, this e-mail message has been scanned for =
viruses.=20
    <P>Visit us at <A =
href=3D"http://www.neoris.com/">http://www.neoris.com/</A>=20
    <HR>

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Next Article (by Author): [CANSLIM] What's wrong with this picture: Pier 1 Import's Profits Soar 80% "Kelly Short"
Previous Article (by Author): RE: [CANSLIM] What's wrong with this picture: Pier 1 Import's Profits Soar 80% "Fred Richards"
Top of Thread: [CANSLIM] What's wrong with this picture: Pier 1 Import's Profits Soar 80% "Kelly Short"
Next in Thread: Re: [CANSLIM] What's wrong with this picture: Pier 1 Import's Profits Soar 80% "Tom Worley"
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