Post by
trader520 on Jun 06, 2009 1:11am
hw prez on bnn
was on this evening, good interview......
-- north americans buy 50% of all diamonds, thus the poor sales and qtr results.
--- with summer and fall coming up (engagement and wedding season), plus slow improvement in sales and increased prices, expect better next qtr.
--- china / asia starting to become more important market with huge upside potential.
rest was fluff that was in qtr news release, i missed first few mins.
cheers
Comment by
stude on Jun 06, 2009 10:13pm
BMO just up-grade to $9 , next fews days I guess more brokages firms will follow then stock will shoot to $10 or maybe $12 if market all up , look at the chart , quarter reported better than predicted .