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November 2, 2004

SpeculatingStocks.com Stock Pick: LJ International, Inc. (JADE)

Stock Price: $1.94


LJ International, Inc. is one of the fastest-growing fine jewelry companies in the world. LJI distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe, with a growing retail presence in China through stores and e-shopping sites.

JADE reported revenues of $16.3 million for the second quarter of 2003 back in mid-August. JADE beat its company guidance for revenues by $2.3 million. We expect the company to once again exceed expectations when earnings are released next Thursday, November 11th. JADE may already be experiencing a run up to earnings.

J.M. Dutton & Associates announced a buy rating on JADE over a month ago. The company expands into China in turn creating higher valuations for JADE.

However, the real play with JADE is in the short term as it runs up to earnings. JADE just broke out on the largest volume since January. There appear to be a lot of eyes on JADE.

 
     
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