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Tiffany's is reporting a 62% drop in sales. Will their bailout have a high price tag? :)

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  • by Sixty B - Commander Topcoat on May 29th, 2009

    Sixty B - Commander Topcoat

    I thought diamonds were forever !

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  • by Someguy on May 29th, 2009

    Someguy

    No, but the box it comes in will look beautiful!

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  • by Son of Cleaver on May 30th, 2009

    Son of Cleaver

    Why would Tiffany's get a bailout? Is Tiffany's a critical business? The auto and financial industries represent a foundation of the U.S. economy. Tiffany's does not. In fact, Tiffany's only represents about 7% of the U.S. specialty jewelry industry. I didn't realize that until I spent a lot of time studying the company a few years ago.

    The underlying point is if Tiffany's goes into bankruptcy, I doubt it could have the crushing impact on the U.S. economy as either the financial or auto industry would.

    However, as a shareholder, I'd be royally pissed off.

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  • by LEO on May 30th, 2009

    LEO

    all high end retailers are off this quarter Tiffany's has A-Brand equity

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  • by royal77 says hello friend on May 29th, 2009

    royal77 says hello friend

    I hope the bailout doesn't come out too expensive.

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