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| HOME : FORUM : EDUCATION : DIAMONDS : Is the luster off Blue Nile? |
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Is the luster off Blue Nile?
Post#1 @
05-23-07
, 10:32 PM
I ran into an interesting site today called 10Q Detective. Most people who invest and unfortunately, most journalists covering finance stories, tend to read the annual report and listen to the conference calls without putting in much effort to study the details. Good financial analysts say the real stuff about how a company is doing are in the footnotes and the 10Q. David Phillips has done some research into Blue Nile. The article is worth a read. Blurb: Quote:
This fellow is clearly quite astute. If you follow the market, he's worth the bookmark. By contrast, Fool.com has been running several Blue Nile stories with a different take. One more note, BN has now launched "Rare" fancy color diamonds for sale on their site. But if you look at the first page of their Fancy Color site you see that there are many sample photos... Hence the problem with virtual goods... |
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Re: Is the luster off Blue Nile?
Post#2 @
05-23-07
, 11:17 PM
Hmm... will have to poke about that 10Q Detective site - thanks for the link. Not much of an individual stock player right now (some ETFs, though). Any casual opinions on precious metals right now Gil? I'm kicking around the idea of picking up some silver, mostly because of the strength of the Loonie at the moment (makes things a little cheaper). I'd be into palladium if it didn't move for such a premium over spot (Pd Maple Leafs are quite overpriced, and all new palladium up here is charged 6% GST. Gold and silver aren't taxed). Still might pick up a couple of ounces for fun if it drops back under $350 and the Loonie is still up. |
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Re: Is the luster off Blue Nile?
Post#3 @
05-24-07
, 02:18 AM
Sorry Gemeli, really don't have any opinions on precious metals... BTW, I just saw that Lehman downgraded Nile...Eric Savitz @ Barrons is reporting that Amazon may be opening a standalone online diamond store...or even buying Blue Nile. Edit: And more. Amazon sales up 100% for Jewelry. |
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Re: Is the luster off Blue Nile?
Post#4 @
05-24-07
, 08:03 PM
Quote:
trivia to this...I saw that The Jewelry Exchge just started new TV advertising offering colored diamonds. |
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Re: Is the luster off Blue Nile?
Post#5 @
05-24-07
, 09:26 PM
Gil; Take a look at BN's Insider Stock Sales/Purchases over the past two years. Very interesting. Why are the insiders selling their shares with not one purchase? What does this say about their confidence in the future of their company? |
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Re: Is the luster off Blue Nile?
Post#6 @
05-25-07
, 01:59 AM
Quote:
I haven't looked at the data but I do remember reading that there was a fair bit of insider selling... Having been on the other side of the fence, I do understand that insiders like to make liquid some of their equity while they can...but still, you don't usually see everyone dumping if they feel the upside is huge. There's usually more of a balance... Edited to add: FYI, Tiffany vp exercises options for 10,000 shares |
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Re: Is the luster off Blue Nile?
Blue Nile SVP exercises options |
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