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1) Motley Fool says a "hidden gem" A great Motley Fool Article on RedEnvelope: http://biz.yahoo.com/djus/031126/1229000873_1.html 2) Google is on board "Michael Moritz focuses on information technology investments. He is currently a director of Flextronics (FLEX), Google, PayPal, RedEnvelope" http://www.google.com/press/management.html Google will also be IPO'ing 3) December to propel sales higher "Wyatt believes a strong December quarter and 2004 taken as a whole should propel shares higher. " http://finance.lycos.com/qc/news/story.aspx?story=36123758 4) Zacks.com Announces That Ian Wyatt Highlights the Following Stocks: RedEnvelope and Bankrate "Ian Wyatt and his team remain confident with RedEnvelope's results for the quarter and prospects for investors down the road. With the company providing guidance for a near break-even year, he expects next year will be a banner one for RedEnvelope if the company is able achieve similar top line growth." http://www.zacks.com/experts/featured/view_article.php?art_id=909&newsletter_id=140 5) Williams-Sonoma on the board "Pat Connolly, a 22-year Williams-Sonoma veteran who has long been a mentor to Billings and who is also a RedEnvelope investor and board member" http://www.fastcompany.com/magazine/52/billings.html 6) RedEnvelope was given a Buy Rating this month NEW YORK, November 4 (New Ratings) – Analysts at WR Hambrecht initiate coverage of RedEnvelope (REDE) with a "buy" rating. The target price is set to $17. In a research note published yesterday, the analysts mention that the company caters to an underserved market. RedEnvelope is poised to deliver high single-digit operating margins for the next few years, the analysts believe. The company's product range stimulates growth and is not faced with a challenging competitive environment, WR Hambrecht says. http://www.newratings.com/new2/beta/article_349820.html 7) Yahoo is promoting it "Yahoo's (YHOO: news, chart, profile) online shopping store also features free shipping from goods purchased on PalmOne (PLMO: news, chart, profile) and Red Envelope (REDE: news, chart, profile). " http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist= yhoo&guid=%7B4E24ACA6%2DA8B3%2D4089%2DBA02%2D47739E390469%7D Additionally, "Already, RedEnvelope claims to be ringing up more sales than Tiffany's catalog operation. Company officials figure to sell more than $50 million worth of gifts this year, turn a profit in the fourth quarter, and break permanently into the black next year -- all without raising another cent in venture capital." http://www.fastcompany.com/magazine/52/billings.html Diligence Done. Come Christmas time I expect this to be in the 20's.
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