Pier 1 CEO Speaks with Cramer
Pier 1 Imports' shares gained 7,600 percent in less than three years, Cramer said, and he thinks the decorative home furnishings company not done going higher.
“Pier 1 is in the sweet spot thanks to the slow pace of the housing recovery,” Cramer said. “People are staying in their homes longer and updating their furnishings rather than moving.”
Plus, the company just spent four years restructuring and reinvigorating its brand.
Pier 1 also just reported an in-line quarter, with earnings coming in at 14 cents a share. So find out more about the quarter and what’s in store for the future, Cramer went one-on-one with President and CEO Alex Smith.
To see the full interview, watch the video!
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