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The Company operates in two segments of the diamond industry: mining and retail.
Positive: - Below tangible book, no debt and yes, they have an actual business which generates cash Negative: - They of course have all the usual risks which are typical for a mining business R13BRp
Strong demand for luxery products
just a guess just like a time of digging the new diuamonds are deeper like a year of digging to find the next rich layer
Harry Winston Diamond Corporation (HWD) operates in two segments of the diamond industry: mining and retail.HWD was featured in my Volume Story:http://caps.fool.com/Blogs/the-volume-story/266251
Glad I got a 10% drop to get back on this bad boy!
This stock has been booming and will continue to over the long haul. One of the few places mining diamonds as world supply continues to decline.
Gems are a store of value during tough economic times.
The Company supplies rough diamonds to the global market from production received from its 40% ownership interest in the Diavik Diamond Mine (the Diavik Mine) located at Lac de Gras in Canada's Northwest Territories. It also owns 100% of Harry Winston Inc. (HWI), a fine jewelry and watch retailer. As of January 31, 2009, the Company's significant asset was a 40% ownership interest in the Diavik group of mineral claims. The Diavik Joint Venture (the Joint Venture) is an unincorporated joint arrangement between Diavik Diamond Mines Inc. (DDMI-60%) and Harry Winston Diamond Limited Partnership (40%), where the Company owns an undivided 40% interest in the assets, liabilities and expenses. DDMI is the operator (the Operator) of the Diavik Diamond Mine. - Consolidated sales increased 13% to $133.7 million from $118.4 million in the comparable quarter of the prior year. - Rough diamond sales for the fourth quarter were 24% higher at $63.5 million compared to $51.1 million for the fourth quarter last year. - Retail sales for the fourth quarter increased 4% to $70.2 million from $67.3 million for the comparable quarter of the prior year, reflecting the strength of the Asian market and offsetting continuing slowness in the US market. - Consolidated net loss for the fourth quarter was $3.4 million or $0.04 per share compared to net loss of $73.0 million or $1.19 per share in the fourth quarter of the prior yearStock price has risen over the last year by 139%. While I am not a fan of mining stock, I think the improving US economy may increase the demand for diamonds, but the stock of this company will not outperform the market.
Diamonds aren't just a girl's best friend, they're used in industry as well. The HWD diamond mine ownership gives them a solid source for their retail diamonds, as well as bulk diamond options.BTW, China's diamond demand is growing as their average income and desire for high-end retail items increases.
I like shiny things
prefured it under 3 but missed it
This met a high level screen to indicate a buy and strong outperform against its peers (other tickers in its industry). My 1st version of this spreadsheet devles deep into the company's balnace sheet and recent income statements, combined with other relevant price data for the company including insider/institutional holdings, short interest, debt levels, etc. Testing capabilities of this 1st version of my automated, valuation spreadhseet matched with my personal criteria and see how it holds up.
This is a great company and will improve in the future.
When the market is fully recovered this stock will be a lot more worth then it is now.
Diamonds are a girl's best friend! ;) While other gems are rarer than diamonds, DeBeers has done a great job of marketing. Who wants a ruby or sapphire engagement ring? Who decided that 2 months' salary was the correct amount of money to spend on a diamond engagement ring? (DeBeers - who owns the majority of diamonds in the world.)As with all markets: supply and demand! The diamond industry as made sure we have demand for diamonds.
Last year it was horribly unfashionable to be caught buying new jewelry or clothes and even the superwealthy that could afford HW stayed away. How long will they maintain their discipline and forgo diamond shopping as a show of solidarity with the Little People? Not long, I say. This pick might take a beating over the next couple of weeks but I'll hold on to it.
management actively destroys capital through the retail outlets. one of the things the consumer can do without is bling. don't see a viable, growing business model, just a stake in a mine which MIGHT be a high producer.
Great stock! Got to love diamonds.
Stock is at historical lows. Betting it will zoom back up when economy shows more life. Plus, a recession won't stop people from getting married and buying rings.
Diamonds will be the last thing to recover in this economy which still has churning to do before the US is out of trouble. I think management at HWD is overdue for a big overhaul - just don't think Gannicott has what it takes to run a jewelry conglomerate. Get Ira Thomas in there and she'll turn it around.
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