At SpeculatingStocks You Can Discover Stocks, Post Anonymously, and React to Posts. Login is Optional.
Watch for Reactions to Your Posts or React Below to Other's Posts. Discover Stocks and Market Data.

Novemeber 15, 2007 Stock Pick:, Inc. (BIDZ)

Stock Price: $16.02, Inc. operates as an online retailer of jewelry primarily in the United States and internationally. The company operates a Web site,, for the purpose of selling merchandise, utilizing an online sales auction platform.

On November 12th, BIDZ reported third quarter revenue of $40.1 million, up 48% over the same period last year, and net income of $3.6 million. The company reported record gross margin of approximately 31.7% and raised its guidance for 2007.

BIDZ has $18.7 million in working capital and no long-term debt and a revolving credit line of $15 million if needed. The company expects 2008 revenue to be in the range of $225-$230 million and pre-tax income of $23.5 - $25.5 million to be taxed at approximately 40%. is a unique site that we believe will continue to receive attention. The company's financial growth and situation should allow the company to expand and make a huge splash in the online auction market.

Based on 2008 financial forecasts and the growth the company is experiencing, BIDZ current market cap of $377.08 seems be modest.

BIDZ has corrected the last two days and may be ready to move again with the 50-day moving average fast approaching and the stock continuing to come on investor radar screens. We expect BIDZ to continue to receive a lot of attention.

Untitled Document