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Bidz.com, Incorporate (BIDZ)
Company Website: http://www.bidz.com
BIDZ operates as an online retailer of jewelry primarily in the United States and internationally.
The company operates a Web Site, bidz.com, for the purpose of selling merchandise, utilizing an online sales auction platform.
BIDZ combines the markdowns of a dollar store, the format of an auction house, and the convenience of the Internet to bring sparkling deals to customers.
BIDZ buys closeout merchandise and sells it using a live-auction format, with no reserve prices and $1 opening bids, even on items that might retail for more than $20,000.
BIDZ has had 15 consecutive profitable quarters and is growing rapidly. They anticipate 16M in cash flow, project $182 Million in revenue this year, has larger net income then competitor Blue Nile, is the 2nd LARGEST online jewelry company in the WORLD, expects revenue of $230 Million for 2008, has a 50% growth rate, is rated the #2 stock in the Investors Business Daily Top 100 stocks behind BIDU, has BUY ratings from 3 analysts (JP Morgan to name one), web traffic was up 169% in the 3rd quarter, has a P/E 4 times less then its competitors, only trades at about 1 times price to sales ratio, the average order is up 40% from a year ago, BIDZ attracted 55k new buyers in just the last quarter alone, is launching websites in 4 new languages, and is launching a new website www.BUYZ.com to directly compete with Blue Nile!
Since BIDZ came out with their 3rd Quarter earnings the shares held by institutions increased from 2.1% to 5%! Here's the link:
http://www.schwab.com/public/schwab/non_navigable/marketing/email/
get_quote.html?cmsid=P-1043769&lvl1=non_navigable&lvl2=marketing
In my opinion, this number will gradually increase as BIDZ has blowout earnings. For your information, Blue Nile (NILE) is 50% held by institutions. Imagine when institutions own 50% of BIDZ! BIDZ just beat NILE's net income this quarter by 20% and only has a market cap of $200 Million while NILE has market cap of $1.2 BILLION!
Go to this link to view IBD's Top 100 list:
http://www.wallstreetgrand.com/daily100
BIDZ Ranks The #2 Stock on Wall Street behind online giant- BIDU!
In a few months BIDZ will be launching new versions of their auction site in many different languages! Imagine how big BIDZ can become worldwide!
Also, right around the corner is the debut launch of BIDZ's new site www.BUYZ.com. BUYZ.com will be a site that will allow customers to design their own jewelry. This way BIDZ can directly compete with Blue Nile. Think about it... if BIDZ.com is already beating NILE quarterly in Net Income, imagine when BUYZ.com launches! The best part is BUYZ.com will be launching this holiday season!
Just recently, BIDZ announced a record holiday weekend with sales up 78% from Friday to Sunday from a year ago this time!
The Company also reaffirmed its guidance provided on November 12, 2007 for the fourth quarter of 2007 and next year. The Company expects revenues for the 2007 fourth quarter to be in the range of $56-$58 million, and expects pre-tax income of approximately $5.6-$6.0 million. For 2007, the Company expects revenue in the range of $180-$182 million and gross margin of approximately 27-28%. The Company expects pre-tax income of $18.0-$18.5 million. The Company expects its effective tax rate to be approximately 20.2%, and expects to end the year with approximately 26.4 million fully diluted shares outstanding. For 2008, the Company expects revenues to be in the range of $225-$230 million, pre-tax income of approximately $23.5-$25.5 million and gross margin of approximately 27-28%. The Company expects its effective tax rate to be approximately 40%. The Company expects fully taxed GAAP EPS of $0.47-$0.51, and expects to end the year with approximately 30.0 million fully diluted shares outstanding.
I think at the current levels BIDZ is a great long-term play. I believe 2008 will be a record breaking year for the company.
(Remember, our Star rated stocks are long-term plays.)
If you have any questions feel free to email me or call us at
1-888-9-Club Grand -or- staff@wallstreetgrand.com
Wall Street Grand's stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. WSG may own shares in some of the stocks mentioned and and may trade these shares as we please without any notice. We were not compensated for the profile of BIDZ. . We intend to buy and sell shares of BIDZ. We own about 3k shares of BIDZ. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. For our full disclosure please visit- http://www.wallstreetgrand.com/disclosure.html