The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
PR or P.U.?
Blogger Zac Bissonnette thinks something is foul about Bidz.com's decision to issue a press release announcing a small repurchase of 100,000 shares. On Bloggingstocks.com, he questions if the purpose of the press release was to create headlines that ultimately promote...
Blogger Zac Bissonnette thinks something is foul about Bidz.com's decision to issue a press release announcing a small repurchase of 100,000 shares. On Bloggingstocks.com, he questions if the purpose of the press release was to create headlines that ultimately promote the online auctioneer's stock.
His post cites Warren Buffett's well-known position on the matter of buybacks. The third richest man in the world publicly denounces executives who use corporate money to drive stock prices up.
According to the online auctioneer's Jan. 2 press release, more buybacks are likely to occur. Bidz.com Chairman and Chief Executive Officer David Zinberg says it's because the company is confident about its business model.
But Bissonnette cautions investors to check out information that is not being promoted to the public such as the frequent sale of the stock by the CEO.
Bidz.com issued another press release on Wednesday announcing the upgrade of its Web site with a new technology that has LiveBid capabilities. It also mentioned plans for a new retail site, Buyz.com.
Is the stock buyback connected to the online auctioneer's confidence in its new venture, or is it an attempt to generate capital for it? What's your opinion?
The Latest
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
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Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
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The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
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May’s birthstone is beloved for its rich green hue and its versatility.
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Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
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Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
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Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.