RE: RE: RE: RE: 5% moves only occurs in bear markei haven't seen the Tiffany numbers but Blue nile released some qrty's a month ar so ago and they were still surprisingly strong as well. i was also looking at Coach - different product but still higher end, and they still seem to have been holding.
i think this is a much better buy at $3 then it was before the deal at $2 and change - although i did get some decent shares at $2.50.
my only caution in the short run y/e numbers is if they have to do a non-cash write down some of the mining assets based on the valuations imbedded in the deal. no real impact on the company, but the markets sometimes miss-ub=nderstand these non-cash or one time losses - Tiffany's seems to be a current example.
i didn't hear the whole conference - did an analyst pick up on this issue?????