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Author: kahunacfa Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 438  
Subject: Re: Pier 1 Date: 11/25/2011 3:06 PM
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Just a little over two and a half years ago you could of purchased this stock at 20 cents a share. We talk about super fantastic profits to be made. What kind of money would you be worth now should you of purchased just, 20,000 share of this stock. Pier 1 (PIR) is now just under $10.00 a share. Warren Buffett sold out millions of his shares years ago, but management has taken a change for the best.
Alexander W. Smith, management with Pier one, has purchased 20,000 shares with his own cash, this May in this new focused company. Nice to see that new directions in this business are working. Jonathan Hurchanik,JONMAI INC YIGO,GUAM
- jonmai | Date: 11/24/2010 8:17:21 PM | Number: 437

I own Pier One(ONE) and have owned shares of the company, at a very low cost, for a long time. When our daughter emrolled in Law School, her two bedroon Apartment was furished extensively with Pier One furnature. One of the "favorites" was the "Papasan" chair -- basically a circular wicker frame with a pillow seat mat. Purchased in 1999 -- still serving well in 2011 -- a dozen years later.

In the late nineteen eighties I purchased 550,000 shares of Zycad Corporation(ZCAD), a high technology company for 3/8 or $0.375 per share. The company had $1.25 per share in net cash.

Sold many of the block at slightly higher prices, sold the final shares in 1995 for $15.50 per share -- a 43.33 - bagger in about five years.

Kahuna, CFA
Venture Capital
Portfolio Manager
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