Bidz.com, Inc. (NASDAQ:BIDZ)

shortguru

The short's have driven this to a good buy point. Anything under $9 is a buy this year. We will see a good 20% in the next month or two, with 30-40% over the next 6months.

Good earnings

That citron article was unbelievable

It is down from 20 because of a short-seller's report with several misstatements. The first is that it needs 140 days inventory, when the numbers used give 104 and the actual days at the current qtr rate is probably nearer 40 or 50.

The second is that it has generated no cash. Indeed, net cash from operations is 2.8M for the nine months, compared to over 9M net and a bit over 0.10 per share. This is distorted (i.e.reduced) by expected 4th qtr revenue coupled with the high revenue growth.

Revenue growth for Thanksgiving Weekend was 78%, P/E about 25 at a price of 11 and change.

They do need to more clearly demarcate the distinction between BIDZ and other merchants on the site, which should be straightforward.

Andrew Left is known for his crusade againts HOM(HSOA)...

Now he is in BIDZ, but it seems like his days are finally over...

Premarket: Bidz Gets Busy

Posted by David Gaffen

Shares of online jewelry auctioneer Bidz.com were down 13% in premarket action after the company held a conference call after yesterday’s close to rebut certain claims made by analysts at Citron Research. In a report on its Web site, Citron asserted that Bidz.com’s “business model is not sustainable” for various reasons. After the stock lost 28% yesterday on 13 million shares traded, more than the usual, the company responded in a conference call – in which it threatened legal action against Citron (formerly known as StockLemon.com), a call Roth Capital Partners analysts called “tense.” However, shares are still falling this morning. It should be noted that Citron Research may be shorting the shares — the firm’s Web site says that “the principals of Citron Research most always hold a position in any of the securities profiled on the site,” and “will not report when a position is initiated or covered.”

* An F from the better business bureau is all the research I need to do.

Citron

Crappy stock liquidation! EVERYTHING MUST GO!

This is the worst website I have ever seen. I hope people aren't that stupid, I hope they know it's just a gimmick. People aren't actually bidding.

Wow, this seems like a horrible company with a good stock. Try visiting the website bidz.com, but buyer beware. There are so many complaints against this company. Check them out by doing a search at http://www.ripoffreport.com/. Also if you read the annual report you will see that they are being sued by Cartier (makers of fine watches). Even if accusations that this company engages in deceptive bid rigging, fails to deliver items, and is selling fake product, consider the business model. The annual report shows that the majority of their items are supplied by only 2 suppliers. Further they are in an industry which is saturated and the barriers to entry are very low. I am considering buying puts on these guys - but even the stock of a bad company can continue to rise due to the long bias of most investors (including myself). I'm a bull - albeit a skeptical one.

HOLY SHINY!!! THIS STOCK RAPED EARNING GOTTA LOVE WHEN PEOPLE LOVE TO SEE GREEN NUMBERS!

Fools, stay away from this stock. Just go to http://www.ripoffreport.com/searchresults.asp?submit22=Search+All+The+Latest+Rip-Off+Reports+Now%21&q1=ALL&q2=&q3=&q4=&q5=BIDZ.COM&q6=&q7=
to see all the crap going on with these guys.

Bid rigging, auto bidding, fake merchandise...... the list goes on and one. I listened to a webcast, and the management totally weirded me out. They are all foreign, and the guy hires, family and friends to run it.

The VP of Operations also owns another business, that got consulting business from them in 2005. Too weird. Incestuous biz practices are always bad.

Stay away.

Growing as Blue Nile

Excellent business model and well developed, user friendly, simple web interface. Will be a top performer in it's category. Look for 40+ by mid 2008.

Little know auction website with a huge upside potential. More people are sstaarting ot use this site everyday.

online auction site making money with no debt!

This is easy,
0 Debt
35% insider ownership
132% ROE

My numbers may be a very small amount off because I'm not looking at them right now, but they were good enough to stick with me for a couple of days...