Here is a Free (and Free is Good!) web-site to calculate an Intrinsic Value of a Stock: http://www.ValuePro.net. The Intrinsic Value that it returns for Pier One is: 0!

I don't believe them because I am considering buying some Pier One(PIR). When Northfield Laboartories(NFLD) was $8.50 and I bought a few thousand shares there, the ValuePro.net web-site said the Intrinsic value was 0 too. I bought Northfield Laboratories(NFLD) anyway. The company just finished their Phase 3 Human clinical trial for PolyHeme(R) - a Human Blood substitute. Application for FDA marketing approval may be made in early 2007. FDA approval, if granted, is possible in the 2008 - 2009 time period. The company's web-site is: http://www.northfieldlabs.com

Kahuna,CFA