Blue Nile, Inc. (NASDAQ:NILE)
CAPS Rating:
An online retailer of diamonds and fine jewelry, Blue Nile also provides an education for consumers on all sorts of rocks and rings.
An online retailer of diamonds and fine jewelry, Blue Nile also provides an education for consumers on all sorts of rocks and rings.
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Blue Nile is trading at around 50 times 7-year trailing earnings and has a book value of a few bucks a share. Where is the value coming from? Does the company have precious metal reserves on the books at less than market value? Does anyone know?