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


From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] What's wrong with this picture: Pier 1 Import's Profits Soar 80%
Date: Wed, 19 Jun 2002 20:16:55 -0400

Previous Article (by Date): 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"
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DGO reports different results (remember, they report on recurring core =
earnings, not total net) which shows the soaring earnings growth, but =
also more clearly demonstrates the percentages possible following a weak =
year:

Last five quarterly results:
0.13, 0.14, 0.26, 0.51, 0.23 (thus up 77% over the 0.13)

- ----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, June 19, 2002 11:40 AM
Subject: RE: [CANSLIM] What's wrong with this picture: Pier 1 Import's =
Profits Soar 80%


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. =20

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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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>DGO reports different results (remember, they =
report on=20
recurring core earnings, not total net) which shows the soaring earnings =
growth,=20
but also more clearly demonstrates the percentages possible following a =
weak=20
year:</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Last five quarterly results:</FONT></DIV>
<DIV><FONT face=3DArial>0.13, 0.14, 0.26, 0.51, 0.23 (thus up 77% over =
the=20
0.13)</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred Richards</A> =
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Wednesday, June 19, 2002 11:40 AM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] What's wrong with this picture: Pier =
1=20
Import's Profits Soar 80%</DIV></DIV>
<DIV><BR></DIV>
<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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Previous Article (by Date): 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"
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