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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Recs
Slow, steady outperformer is my prediction. It's only about matched the market over the past two years (both up about 15%), but I like CEO Mark Vadon and his long-term focus. Patience, grasshopper.
Strong earnings report in the teeth of a mean bear market has the stock trading up about 17% after hours. With so many stocks -- a bunch of them my own! -- selling off double-digit-percentages in the face of their earnings report this season, it's nice to see NILE likely getting the opposite treatment when the market opens tomorrow... and for iRobot to have been similarly treated yesterday, a day on which the Nasdaq dropped yet another 1%+.
Both of these businesses are cut from a pretty clean Rule Breaker mold. Both are down for me. But NILE in particular has done nothing but report solid quarter after quarter since its IPO quite a while back, now. Blue Nile deserves more respect and insitutional awareness. We shareholders will be benefited when that shows up, and it will inevitably show up if Mark Vadon just keeps performing humbly, intelligently, and successfully as CEO of the company he founded.