Mr. Nicholas White

President, White & Co

GLG News by Mr. Nicholas White, President

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

July 24, 2009

Analysis of:Zale Names Richard A. Lennox as Its New Chief Marketing Officer | www.businesswire.com

Zale's selection of its new chief marketing officer is symtomatic of management's misguided view of what's wrong with the company and what it will take to turn the company around. Here's more.

Does Zale's(ZLN) Overlooked Distraction Make a Turnaround Less Likely?

July 15, 2009

Analysis of:IDEX Online Research: Piercing Pagoda is Zale’s Over-Looked Stepchild | www.idexonline.com

Despite Piercing Pagoda's current sales performance, the business may be making it more difficult for management to get its core business back to profitability. Here's more.

DeBeers Restructuring May Mean Lower Diamond Prices

July 15, 2009

Analysis of:De Beers Finances, Contd. | www.jckonline.com

DeBeers' restructuring further complicates diamond pricing in the midst of declining demand. Here's more.

Tiffany's (TIF) Outlook Uncertain

July 12, 2009

Analysis of:Tiffany First Quarter Sales, Profit Decline | www.idexonline.com

Always a well managed business, Tiffany faces a host of uncertainties that are out of management's control for the time being. Here's more.

Sears (SHLD) Eyes Early Sales For Christmas 2009

July 10, 2009

Analysis of:Christmas in July? | www.retail-merchandiser.com

Sears hasn't shown much retailing leadership for years, but may be there is still one good retailer left in the company. Here's more.

Zale Stock Makes Overvalued List

July 9, 2009

Analysis of:15 Overvalued Small Caps from Russell 2000 | seekingalpha.com

Zale stock has been singled out as one of the best performers in recent weeks, but that may be changing. Here's why.

Jewelry Industry Unwilling or Unable to Deal With Finlay's Risk

July 9, 2009

Analysis of:IDEX Online Research: Finlay’s Odds for Survival Not in Its Favor | www.idexonline.com

Finlay's failure to downsize may be a consequence of the recession. On the other hand, it may be part of long term liquadtion plan structured to benefit secured creditors at the expense of others debtors like the jewelry trade. Regardless, here is why the industry needs a better way to manage financial risk.

Zale(ZLC) Bleeds Human Capital and Cash Too

July 8, 2009

Analysis of:Zale loses top marketing executive, controller | www.dallasnews.com

Zale loses more than a markleting executive and a controller. Here's more.

Wall Street's Alchemists Tout Securitization

June 29, 2009

Analysis of:Study Says Securitization Lowers Credit Costs, Expands Supply | seekingalpha.com

Despite its track record, pundits tout the benefits securitization. Here's more.

Jewelry Not So Prime In Walmart

June 25, 2009

Analysis of:Wal-Mart gives prime placement to fine jewelry | www.nationaljewelernetwork.com

Despite some evidence to the contrary, fine jewelry may be less important to Walmart. If so, that would be good news for small specialty jewelers if they choose to take advantage of the opportunity. Here's more.

Goldman Sachs Misses the Point

June 19, 2009

Analysis of:Goldman Sachs' Downgrade of Wal-Mart Incorrectly Favors Discretionary Retailers 4 comments | seekingalpha.com

Goldman Sachs may be right with respect Walmart, for all the wrong reasons. Here's more.

The Power of Large Jewelry Chains Declines

June 18, 2009

Analysis of:Finlay Enterprises Provides Update on Execution of Its Strategic Plan ~ | finance.yahoo.com

Finlay's demise is just one more signal that the power of the large mass merchandised jewelry chains is declining. Here's more.

Will Zale Succumb to Its Self-Inflected Wounds?

May 27, 2009

Analysis of:Zale Reports Third Quarter Fiscal 2009 Results | www.businesswire.com

Zale reported SIGNIFICANTLY lower than expected sales and earnings for its third quarter in the face of higher stock prices only a day earlier. Either faith in Zale springs eternal or traders got surprised by the dynamics of the jewelry business in general and Zale specifically. Here’s more.

Are Sears Holdings (SHLD) Surprise Earnings Irrelevant?

May 25, 2009

Analysis of:Sears Holdings Reports First Quarter Results and Extension of Its Credit Facility | news.prnewswire.com

Sears Holdings surprised Wall Street analysts by posting increased first quarter earnings versus the Streets expectation of a loss. But just how relevant is the earnings surprise to SHLD's turn around? for the answer, here's more.

Does Zale's Higher Stock Price Signal a Recovery?

May 22, 2009

Analysis of:Zale Soars 28% in Sign of Jewelery Recovery | www.thestreet.com

Does Zale's higher stock prise signal a arecovery or is it a consequece of the companies instability? Here's more.

Investors Need More Information About Zale (ZLC)

May 6, 2009

Analysis of:Best Performing Stocks During the Rally | seekingalpha.com

Zale has been one of the best performing stocks in the recent market rally. But does the increase signal a stronger company and a strengthening industry or just an irrational market. Here's why investors may need more than technical tools and fundamental analysis to decide.

Zale Liabilities Increase, But Does It Matter?

May 4, 2009

Analysis of:Zale may be on hook for leases of Bailey Banks & Biddle | www.dallasnews.com

Zale liabilities for BB & B leases are real, quantifiable, and an imminent threat to future earnings and cash flow. But will the company recognize them? More importantly, does it matter in today's neurotic market? Here's more

Blue Niles' (NILE) Problems Are No Secret

April 21, 2009

Analysis of:Ahead of the Bell: Blue Nile downgraded | www.forbes.com

Does Deutsche Bank know something about Blue Nile no one else does? Maybe, but Blue Niles' problems are no secret. Here's more.

Small Jewelers Likely to Benefit as Large Public Jewelers Change Leadership

April 9, 2009

Analysis of:Beasley Resigns from Helzberg; Replaced by Raff | www.jckonline.com

Turmoil in the executive suites of large jewelry chains will benefit smaller jewelry competitors. Here's more.

Signet’s (SIG) Short Positions Climb as Zale (ZLC) Prices Soars-Revised

April 7, 2009

Analysis of:Zale Shares Shine In Light Of Signet's Positive Outlook >ZLC | online.wsj.com

Here's why short sellers of Zale stock may be the only winners.