Label printer which handles label stock with and without peelable labels

A label printer feeds stock having peelable labels or without peelable labels fed by a platen roller against which a print head bears. A bail carrying a bail roller which is latchable in two positions, is provided. In one of these positions, the bail roller is away from the stock so that the stock is fed over a peeler bar, and in the other of the positions, the bail roller wraps the stock around the peeler bar. The latter position is used when the stock has peelable labels and is so called "linered" stock. The print head can print directly on the stock, and the stock having the printed labels is then fed out of the printer. In the second position, the labels are peeled off the stock as it travels around the peeler bar and can be removed by the user while the liner from which the labels have been peeled leaves the printer. No rethreading of stock is required to handle different types of stock, thereby increasing the flexibility and simplifying the operation of the label printer.