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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Wednesday, May 14, 2008
Bluefly.com Introduces 'The Tailor' Online Men's Shop Channeling the Bespoke Suit Maker of Yesteryear
Comtex
NEW YORK, May 14, 2008 (BUSINESS WIRE) ----Bluefly, the ultimate hook-up for the fashion obsessed, today debuted The Tailor, a new online men's store within Bluefly.com. Here, men can shop for the same sophisticated clothing they would find at a traditional haberdasher - with the modern conveniences only online shopping can afford. The Tailor, which carries men's suits, blazers, pants, dress shirts, ties, shoes, and accessories also provides insider advice on achieving an impeccably groomed, yet effortless look.
"The Tailor is designed to be a resource for the man who has a keen sense of style and takes pride in his appearance, but doesn't take himself too seriously," said Bluefly CEO Melissa Payner. "Visitors to the site will find The Tailor to be authoritative, not pretentious. They'll walk away feeling like an insider on how to shop for a sharp tailored look without setting foot into a store."
The Tailor experience is for the shopper who has a strong sense of personal style and wants the polished look you get from visiting a custom suit maker - without the stuffiness, expense and time commitment. The Tailor offers men's clothing from over 350 of the best American and European designers on Bluefly.com - at values starting at 40% off.
About Bluefly, Inc.
Founded in 1998, Bluefly, Inc. (NASDAQ Capital Market: BFLY) is a leading online retailer of designer brands, fashion trends and superior value. Bluefly is headquartered at 42 West 39th Street in New York City, in the heart of the Fashion District. For more information, please call 212-944-8000 or visit www.bluefly.com <http://www.bluefly.com>.
SOURCE: Bluefly, Inc.
Press: Paul Wilmot Communications Samantha Kain, 212-206-7447 ext 25 skain@greatpress.com
Copyright Business Wire 2008
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