Overstock.com, Inc. (OSTK)

rorshey (99.26) Submitted: 10/12/06 5:50 PM

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"Patrick Byrne is not crazy, just emotional, and he is a very good investor."

Hah, that's crazy! The worst kinds of investors are the ones that let their emotions rule them, and the last thing I'd look for in a CEO is their investment abilities.

"It is a perfect internet business that has been plagued by operational issues."

Isn't that a contradiction. Just read it out loud a few times.

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jstegma (99.73) Submitted: 9/20/07 6:03 PM

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1. It's a perfect internet business for the mid-90's when making profits just didn't matter. The only way it's perfect now is that it NEVER has a profitable quarter - not even one time.
2. When you don't make money for this long, its not just "getting operations under control". You need to ask what the % they've been doing for the last 5 years if they are just now getting them under control.
3. Patrick Byrne is silly. I don't know about crazy, but definitely silly. Instead of focusing on "getting operations under control" he's focused on vast short-seller conspiracies to hurt his stock price. That is a 90's mentality where the CEO focuses on the stock price. If he wants to tell the short sellers where to go and no &%#*$' mistake, then he should make a profit. That seems to be out of the question though, so he's decided to focus on a lawsuit instead. That lawsuit should be a clear sign in flashing neon lights to sell this stock as quickly as possible.

Look at the earnings of this dot-com e-commerce website for the last 5 years, and then move on. Why would you want to waste your money. Only a sucker would buy this stock, but luckily for Overstock, there's one born every minute. Step right up!

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