Jim Cramer: Buy Pier 1, Royal Caribbean, and These 2 Stocks
Jim Cramer made the following calls on September 19th, 2013. What do you think about his picks?
Pier 1 Imports Inc. (NYSE:PIR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 13, 2013. The stock’s 52-week high is $25.29, and its 52-week low is $18.05. Cramer sat down with Alex Smith, the CEO of Pier 1, who remained positive despite failing to meet earnings goals by $0.04 per share. Smith said that he had focused too much on the online part of the business, neglecting traditional brick and mortar stores and the advertising that must accompany them to draw in customers. Cramer remained optimistic that the company could recover, even during tough economic times.