The market for IPOs has been struggling lately, but not so for Blue Nile.
The online jeweler gained 15% Friday, for a two-day gain of 31% from Thursday's $25 opening price.
So why is the market embracing Blue Nile? In a word: value. With $1.65 in trailing 12-month earnings, NILE came public at just 15 times earnings. At a PE of 19.9 as of Friday's close, the market may well decide it's still cheap.
Net income of $27 million dwarfed capital expenditures of $3.5 million last year, making for a very capital-efficient company. The company had $20 million in cash and no debt - before it raised $32 million in its IPO. SuperHeroNews : Messages : 8791-8820 of 15843::
2004 DF FAN FEST A ROUSING SUCCESS First Free Show Draws Crowd, Talent April 29, Ash gets a do-over to set right a new problem caused by his misspeaking those
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Moments to Remember - Michigan City Public Library::
will give President McKinley a hearty and rousing welcome on the occasion of his Here Chief Executive Gets a Warm Welcome - Immense Crowd Gathers to
http://www.mclib.org/moments.htmHOME |
Sales were up 79% last year, and earnings were up more than 1,300%.
The company faces new competition in Amazon.com, but with numbers like that, it's no wonder investors were willing to take the chance.
Stocks finished up Friday in a volatile options expiry trading session, buoyed by falling oil prices on Saudi Arabia's proposal to raise OPEC output. Jazz | All About Jazz::
how gerry mulligan gets more recognition is beyond me. Randy Weston--Little Niles: This Blue Note double LP, a 1979 reissue of most
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S o u t h e r n W e y r - Hatchlings, October 2006::
Xoriath is a nice blue, provided you arent in his way. A Candidate who gets too close is warded off with a rumble of warning before
http://southern.silvertree.org/hatch/isaranth2006b/hatchling.htmlHOME |
The Nasdaq climbed 15 to 1912, the S&P 500 gained 4 to 1093, and the Dow rose 29 to 9966. Volume rose to 1.26 billion shares on the NYSE, but declined to 1.39 billion on the Nasdaq. Advancers led 21-10 on the NYSE, and 19-11 on the Nasdaq. Upside volume was 68% on the NYSE, and 74% on the Nasdaq. New highs-new lows were 24-29 on the NYSE, and 36-78 on the Nasdaq.
Marvell and Serena surged after beating estimates.
McData fell 5% after missing revenue estimates and warning.
Genesis Microchip soared 15% on a favorable patent ruling.
ADC Telecom surged 13% on a Merrill Lynch upgrade.
SBC edged higher at the start of a four-day strike.
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Blue Nile Gets A Rousing Welcome