Short Pier One On Housing Double Dip?

According to a tweet from Blueshift Ideas, a double dip recession in the housing market is negative for home-goods stores, particularly Pier 1 Imports, Inc. PIR. In Blueshift's March report, the firm noted that Pier One was experiencing margin issues. At last check, shares of Pier One were trading at $11.88, flat on the session. Pier 1 Imports, Inc. operates as an importer and specialty retailer of imported decorative home furnishings and gifts in the United States, Canada, and Mexico.