Comments on: Blue Nile – Pricey and Dangerous

By: nono

nono — Sun, 20 Nov 2011 06:05:41 +0000

urable goods make sense and hard assets that hold their value also (think precious metals). It will be interesting to see how things shake out but at this point I’m still very cautious about retailers – especially ones that carry a high multiple like Blue Nile! Thanks to all for the comments! winning sbo

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By: a1093966

a1093966 — Thu, 03 Nov 2011 00:37:53 +0000

I’ve said that least 1093966 times. The problem this like that is they are just too compilcated for the average bird, if you know what I mean

By: Karina Gesualdo

Karina Gesualdo — Mon, 13 Jun 2011 16:40:14 +0000

Thanks for your write-up. What I want to say is that while looking for a good online electronics store, look for a website with full information on critical factors such as the privacy statement, basic safety details, payment procedures, along with terms in addition to policies. Generally take time to read the help along with FAQ areas to get a much better idea of the way the shop will work, what they can perform for you, and exactly how you can make use of the features.

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By: Louis Vuitton

Louis Vuitton — Tue, 28 Dec 2010 18:21:03 +0000

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Jefferey Varble — Sun, 31 Oct 2010 21:39:59 +0000

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By: Zachary Scheidt

Zachary Scheidt — Tue, 07 Apr 2009 23:30:53 +0000

HAHA!Grumpy rules!

Doug I agree with you and while “rich” people don’t make up the typical Blue Nile buyer, your point about conservative spending is right on line.

I do think that wise wealthy consumers can actually be the FIRST to start spending coming out of a recession because they know they are getting the most for their dollar. Imagine Fred who drives a sturdy Chrysler for 15 years at a time. Now might be the perfect time to buy a new car at manufacturers cost and drive it until 2024!

Durable goods make sense and hard assets that hold their value also (think precious metals). It will be interesting to see how things shake out but at this point I’m still very cautious about retailers – especially ones that carry a high multiple like Blue Nile!

Thanks to all for the comments!
Zach

By: Doug Coulter

Doug Coulter — Tue, 07 Apr 2009 21:31:01 +0000

I sure got burned on this one buying way back when it was in the 90’s or so. The fantastic “design what you want” web page impressed me. I won’t play in this one again, any time soon. I suspect it’s small enough for the big guys to play manipulation games with the price, for one thing. Too hard to predict.

Someone mentioned rich people as customers. I dunno. All the rich people I know didn’t get that way by accident, and cut spending early in down times, before the less well off do — how do you think they stay rich? I’ve not known a bunch of joe averages who buy multi thousand dollar jewelery — even one shot deals (hopefully) like engagement rings, anyway. If you start out by buying affection, a very dangerous precedent is getting set.

Now, you kids get off my lawn!

By: Intelligent Speculator | IS recommended readings!

Intelligent Speculator | IS recommended readings! — Sat, 21 Mar 2009 16:08:55 +0000

[...] Zach agrees that Blue Nile(NILE) is overvalued, check out Blue Nile – Pricey and dangerous [...]

By: Intelligent Speculator | Tough day and week!!

Intelligent Speculator | Tough day and week!! — Thu, 19 Mar 2009 11:04:06 +0000

[...] trade has been going through some tough times as Blue Nile surges forward. I recommend checking out Zach’s post about Nile’s recent rise. I think and hope he will turn out [...]

By: IS

IS — Wed, 18 Mar 2009 21:29:12 +0000

Great point, especially about the very high P/E on 2010 earnings which I agree look optimistic but even if they were possible, I would still consider Nile expensive with .82$ EPS…