RECENT POSTS
- Your First Move For Monday November 16th
- Web Extra: Where Will The Next Bull Come From?
- Burned by Yahoo!, Disney and More
- The Latest Picks That Paid – Friday November 13th
- Pops & Drops: Dow Chemical, Macy's...
- Chartology – Can Stocks Break Above 1100?
- Fast Action: Using Options To Play Housing Bottom
- Bold Call Of The Day – Microsoft
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Blue Nile Chief Executive Mark Vadon joins the guys for this conversation. Here are excerpts from what was said.
What’s working for you?
We’re seeing strong sales across the board,” replies Vadon. “High end diamonds are doing phenomenally well. Transactions over $25,000 were up 51% year over year. And we had a $1.5 million single transaction sale earlier this quarter.”
Do people do their research elsewhere and then buy from you?
“I think that’s exactly what’s going on,” replies Vadon. “People can get really smart about (jewelry elswhere)... but we are definitely the low cost producer of this product… we can give customers tremendous value.”
Do people go to Pricescope.com to learn about diamonds and then to you?
“I think that’s exactly, right.” says Vadon. “Tiffany runs on 56% gross margins. Our gross margins are 20%.
How have you gotten over the tactile concerns?
“In the end we built a brand that people trust,” says Vadon. “Most guys know someone who has bought from us and those people feel like they got a phenomenal value. And we have tremendous quality. That’s one thing we never slip on.”
Will you be able to grow?
“It’s a huge market, the domestic jewelry market is $60 billion. This year Blue Nile should do $318 million,” explains Vadon. “So we’re just a drop in the bucket. There’s huge growth ahead of us.”
Dylan asks the guys what they think of this stock?
All the guys say NILE is a buy.
______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .
Trader disclosure: On Aug 6 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (ATVI), Seymour Owns (AAPL) (BX), (EEM), (EWZ), (EWT), (GLD), (ITU), (LEH), (MBT), (SSL): Red Star Asset Management Owns (EEM): Bolling (SZE), (VE), (MPEL), Owns Gold, Silver, Platinum, Copper, Bolling Is Short (FXI) But Bullish Long-term
Data is a real-time snapshot *Data is delayed at least 15 minutes