BIDZ ........Jewelry Anyone?
BIDZ is now the second largest online retailer of jewelry behind NILE.
BIDZ sells more jewelry online than Tiffany!
BIDZ just went public this summer and almost nobody knows about it yet.
BIDZ is growing revenues at a much faster rate than NILE and AMZN. Take a look at BIDZ's revenue growth...
2001: $7.4MM
2002: $34.8MM +370%
2003: $47.7MM +37%
2004: $65.3MM +17.6%
2005: $90.6MM +38.7%
2006: $131.8MM +45.5%
2007: $180MM (estimated) +36.6%
Not only is BIDZ growing revenues faster than NILE and AMZN, but BIDZ expects to lead the industry in 2008 with operating margins of 10%! NILE's operating margins last year were only 6.6%. AMZN's operating margins last year were only 3.6%.
The site is www.bidz.com
I am not big on Jewelry but the sold prices noted on the site seemed to be very reasonable.......anyone care to comment ?.......BIDZ closed 9/21/07 at $10.50.........Needless to say this one could prove to be Verrrrrry Interesting !
BIDZ is now the second largest online retailer of jewelry behind NILE.
BIDZ sells more jewelry online than Tiffany!
BIDZ just went public this summer and almost nobody knows about it yet.
BIDZ is growing revenues at a much faster rate than NILE and AMZN. Take a look at BIDZ's revenue growth...
2001: $7.4MM
2002: $34.8MM +370%
2003: $47.7MM +37%
2004: $65.3MM +17.6%
2005: $90.6MM +38.7%
2006: $131.8MM +45.5%
2007: $180MM (estimated) +36.6%
Not only is BIDZ growing revenues faster than NILE and AMZN, but BIDZ expects to lead the industry in 2008 with operating margins of 10%! NILE's operating margins last year were only 6.6%. AMZN's operating margins last year were only 3.6%.
The site is www.bidz.com
I am not big on Jewelry but the sold prices noted on the site seemed to be very reasonable.......anyone care to comment ?.......BIDZ closed 9/21/07 at $10.50.........Needless to say this one could prove to be Verrrrrry Interesting !
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