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Chasing Value: Obama & Tiffany's shine on!

 Aug 28, 2008 12:46 PM UTC
Picture_29
Return Risk
+2.83% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
TIF Positive 08/28/08 -2.60% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Rants and raves, Tiffany and Co (TIF), Chasing Value, Headline news, Stocks to Buy, Best Stocks for 2008

The Democrats have nearly wrapped up their national convention making history by nominating Barack Obama the first African-American, or person of any color for that matter, to lead a major party in pursuit of the presidency. Tonight they put a big bow on the whole affair and start the next leg of the race.

Speaking of big bows it might be in order for Barack to be giving thank-you gifts to the women in his life, Michelle and Hillary -- a little blue box might be just the 'ticket'. In her daily Before the Bell post my colleague Melly Alazraki reported about Tiffany's super quarter:


  • U.S. jeweler Tiffany & Co (NYSE: TIF) posted double the quarterly profit from a year ago on Thursday, benefiting from strong international sales and solid tourist spending at its New York flagship store. Net profit was $80.8 million, or 63 cents per share, in its fiscal second quarter, up from $40.5 million, or 29 cents per share a year earlier, and beating estimates of 55 cents per share. Revenue grew 11%. Tiffany also raised its 2008 profit outlook on strong sales in Europe and Asia and expected improvement in the U.S.


TIF has been up and down this year, like most stocks, since I wrote about it last February in Serious Money: Pondering: Home Depot, Tiffany & Wells Fargon. Shares have jumped this morning by almost 10%, trading as high as $44.45 after closing yesterday at $39.61.

Continue reading Chasing Value: Obama & Tiffany's shine on!

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