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NILE roars 35% up!

posted Aug 25, 2012, 10:57 PM by Mohit Kumar
Our stellar performance continues! The much ignored and underestimated online retailer for diamonds and fine jewelry surged 35%, the largest gain since its IPO in May 2004! Congrats!

Sales in Q2 surged 13% to $91 million, assisted by an raise in demand for engagement rings in the U.S. A global decline in diamond prices helped drive consumer demand for engagement rings. In addition, it forecast 2012 earnings that exceeded analysts' projections. Yet again, we nabbed an ignored stock with a profitable model to our advantage! We remain a bit cautious though as it is harder to project its continued growth due to varying diamond prices.

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