What's Up With Blue Nile?
Blue Nile (NILE) shares are down sharply without any obvious provocation. No news, no big analyst calls, no SEC filings.
The one research item of note comes from Lehman’s Douglas Anmuth, in a survey of the outlook for Internet stocks generally. Not a lot of new ground, but he did note that “certain online retailers have begun to see a pronounced slowdown,” including Blue Nile, “which despite consistently strong execution and a large market opportunity…has been negatively impacted by reduced discretionary spending on high-ticket luxury items.”