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– news.google.ca
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New Trade: Long Priceline ($PCLN) & Short Blue Nile ($NILE)
– IntelligentSpeculator.net
Things continue to go well so far for these long & short stock picks as the average trade has returned nearly 10% so far this year. Hopefully this keeps up!As will be the case all year, my long & short stock picks will be available to see in my live spreadsheet:
http://www.intelligentspeculator.net/livetrades
You can see the numbers for both companies involved in today’s trade here:
TickerNamePricePE RatioPE Next YearReturn YTDSales GrowthAnalyst ratingBook ValueBetaRevenue/ShareSales 5Y Avg GrowthEPS 5Y Avg Growth
PCLNpriceline.com Inc1315.6535.9520.8113.1829.134.68133.021.24133.430.757
NILEBlue Nile Inc34.941.0627.03-25.8912.493.733.171.0735.8911.5513.14
A few years ago, shorting Blue Nile was a no-brainer but it’s not as clear now. Why? It’s a combination of poor stock performance and slightly higher growth from the company. Still, NILE is far behind PCLN in terms of growth.
PCLN Revenue (Quarterly YoY Growth) data by YCharts
Long Priceline (PCLN)
It’s my second trade on Priceline this year and it’s been a great company to own for several years now…
Wealth management and capital markets expected to drive Canadian bank profits – Calgary Herald
– news.google.ca
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