Pushed Off the Pier

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I have endlessly touted the virtues of shorting Pier One, the seller of scented candles, bongo drums, and other knick-knacks from around the world that, let’s face it, no household really needs. This short is really starting to kick into gear.

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My view is that we’re going to repeat the financial crisis performance, and Pier One will plunge the depths, possibly even facing bankruptcy in the years ahead.

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