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Charles & Colvard Ltd CTHR

Charles & Colvard, Ltd. is a fine jewelry company that specializes in moissanite and lab grown diamonds. The Company operates through two segments: Online Channels and Traditional. The Online Channels segment consists of e-commerce outlets, including charlesandcolvard.com, moissaniteoutlet.com, third-party online marketplaces, drop-ship retail, and other pure-play, exclusively e-commerce outlets. The Traditional segment consists of wholesale and retail customers, including its own Charles & Colvard Signature Showroom and charlesandcolvarddirect.com. The Company manufactures, markets, and distributes Charles & Colvard Created Moissanite and finished jewelry featuring moissanite, including Forever One, the Company’s premium moissanite gemstone brand, for sale in the worldwide fine jewelry market. The Company also markets and distributes Caydia lab grown diamonds and finished jewelry featuring lab grown diamonds for sale in the worldwide fine jewelry market.


NDAQ:CTHR - Post by User

Bullboard Posts
Post by dsotiraon Jan 14, 2002 1:06pm
521 Views
Post# 4631654

A Diamond (err Moissanite) in the rough

A Diamond (err Moissanite) in the roughI recently purchased Moissanite earings for my girlfriend. The weren't cheap (good move by Moissanite), but at one eigth the price of a diamond it was exceptional value. Exceptional value because they actually look better than real diamonds. It occured to me that I would never buy a real diamond with Moissanite out there. Hence I checked their financials. People, this company has no long term debt, 10 Mil in cash and total assets of over 30 Mil (Including 20 Mil in inventory)Current liabilities are less tha 1 mil. Why is this company trading at less than book value? Insiders have been buying heavily. I firmly believe in the prospects of this financially sound company- my girlfriend is now looking at moissanite engagement rings. Peter Lynch would love this stock and so do I. I put my money where my mouth was and I bought 2000 shares today. I hope it goes down so I can buy more.
Bullboard Posts