We recently conducted a survey of approximately 20 independent specialty jeweler retailers. The purpose of our survey was to: Gain greater insight on sales trends in the first few weeks of the holiday season Determine how independent...
READ MORE >We wanted to provide you with an update on the performance of our SMid Cap portfolio, which we introduced on 9/3/09. As a reminder this is a “mock” portfolio with an initial value of $100...
READ MORE >This report was originally published on 1/7/10.We wanted to highlight a few noteworthy developments related to our pair trade recommendation of long SIG/short NILE (55.39 ↓0.40%). First, we wanted...
READ MORE >This report was originally published on 12/16/09.Shares of SIG (29.54 ↓0.94%) have pulled back in the past 10-days following ZLC (3.03↓6.19%)’s 10-Q filing, in which Zale’s reported...
READ MORE >This report was originally published on 11/4/09.We introduced a pair trade idea in June to go long Signet (SIG 29.49 ↓1.11%) Jewelers against a short position in Blue Nile (NILE 55 ↑0.22%). Although we...
READ MORE >This report was originally published 11/2/09.In our original report on our pair trade idea: long Signet (SIG 29.43 ↓1.31%) Jewelers/shortBlue Nile (NILE 54.76 ↓0.22%), we highlighted the risk that a lawsuit against Blue Nile could pose to the...
READ MORE >This report was originally published 9/9/09.SIG reported 2Q10 results this morning. You can find the full press release here. Overall, the company handily beat consensus expectations and the stock has reacted...
READ MORE >This report was originally published 8/25/09.In a recent post on NILE (54.88 ↑1.95%), we discussed the primary fundamental short thesis on the stock, which included among other things the company’s “operating margin conundrum”. In short, it is our view that...
READ MORE >This report was originally published on 8/12/09.Approximately 6-weeks ago we introduced a pair trade recommendation Long Signet Jewelers/Short Blue Nile. Thus far it has not yielded positive...
READ MORE >This report was originally published on 7/16/09.NILE shares have rallied 17.9% in the past 5-trading days following a series of analyst upgrades from William Blair and Company and CitigroupInvestment Research. We wanted to...
READ MORE >This report was originally published on 6/25/09.Over the past few months there have been some nascent signs of stabilization in consumer spending. For the most part we have avoided the entire consumer sector during the recovery in the market over...
READ MORE >SELL/SHORT
$230
SELL/SHORT
$55
LONG
$70
SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0