Blue Nile's Thanksgiving Weekend: Best Ever

| About: Blue Nile, (NILE)

On Monday, 30 November 2009, Diane Irvine, Chief Executive Officer, of Blue Nile (NASDAQ:NILE) spoke with CNBC and with Business News Network in Canada. The above embedded video is from CNBC and, although I am unable to embed the video from, you can click the following link to BNN's interview.

While I recommend viewing both videos, here are some quick points:

  • Best Thanksgiving Weekend ever;
  • Company has 4.5% of U.S. engagement ring market;
  • Competition is the high end brick and mortar jewelers across the country;
  • Industry consolidating and Blue Nile continues to gain share;
  • Looking for double digit growth in the fourth quarter;
  • Great business in Canada, its first international location;
  • Addressing security concerns, company ships its products fully insured and uses FedEx (NYSE:FDX) Priority Overnight service;
  • Most transactions through credit card and bank wire; and
  • Irvine is confident that, by remaining steadfastly focused on operating the business, the company's stock price has a lot of runway in the longer term.

Blue Nile stock closed on Monday at $55.89.

Disclosure: I am long shares in Blue Nile.