You get that 18% figure from Yahoo and think it is good! I don't think so. You ignore forward looking projections which I am referring to - 6 mos to 1 year into 2011 - on the next conference call you think TIF is going to report that margins will be improving - not gonna happen. This stock is gonna drop - how many points is the question. Your comments about jewelry as an investment, especially diamonds, is a joke.
You sound frustrated :) Short away my friend, but you are in standing in front of, an expanding store base, HIGH margin purse launch, resurgent luxury buyer, and healing world economy. P.S. diamonds are a lot easier to transport than gold or silver. Just ask the jewish folks from the 20's 30's and 40's.
Their customer base will accept higher prices. We're not talking the Dollar General crowd. So....that translates into HIGHER revenue for TIF. Also, this customer base is sophisticated enough to realize that in an INFLATIONARY economy gold/silver jewelry, and diamonds are an excellent hedge against inflation, and a GREAT INVESTMENT. On top of that, you can get brownie points by letting the wife (or husband) wear. versus just storing all those heavy gold/silver bars away in a safe.