P/E of 48.5.

From a recent Mad Money show:

"My take is I don't want to own Zales."

Specialty retailer Zale Corp. said recently that its board approved increasing its share buyback plan by $50 million to a total authorization of $350 million for fiscal 2008.

During the fiscal year to date, Zale has repurchased 13.8 million shares at an average price of $18.06 per share. The company said this amount represents a 28 percent reduction of its outstanding shares during the fiscal year.

Zale said that with the plan increase it now has a total remaining authorization of $100 million.

The stock trades for 8x cash flow.

Gold Prices Killing Jewelers
Kitco gold analyst Jon Nadler says the cost of bullion is now so high it's sending jewelers bankrupt. Even Zales is at risk, he says.

Click here to watch the video.

PE of 33.

PE of 32

Jewelry retailer Zale Corp. said recently its board authorized a $100 million increase to the company's stock buyback program, boosting its total repurchase plan to $300 million.

Under the previous $200 million authorization, all but $60 million worth of stock has been repurchased.

The stock trades for 7x cash flow.

Jewelry retailer Zale Corp. said recently its board authorized a $100 million increase to the company's stock buyback program, boosting its total repurchase plan to $300 million.

Under the previous $200 million authorization, all but $60 million worth of stock has been repurchased.

The stock trades for 7x cash flow.

Gold Prices Don't Weigh on Online Jewelry Auctioneer
David Zinberg, CEO of online jewelry auctioneer BIDZ.com, explains how the price of gold is not stopping his growth plans, and how he plans to battle shortsellers of his stock.

Click here to watch the video.

A group including Breeden Capital Management raised its holdings to 5,944,988 shares (13.33%) from the 3,784,639 (7.7%) it reported holding in September.