Overstock.com, Inc. (NASDAQ:OSTK)
The Company is an online closeout retailer offering discount brand name merchandise, including bed-and-bath goods, home decor, kitchenware, watches, jewelry, electronics and computers, sporting goods, apparel and designer accessories.
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Stong mover during holiday season. Getting in early to avoid the rush.
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Sometimes, you have to go against the flow.
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Bad management, competitive market, bad management, low magins, bad managements, plus it appears that a sith lord is after the company. I sure ain't betting against sith lords.
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In the market of excessive inventory, Overstock is the king. I think the naked shorting PR problem that the company faces will fade over time allowing executives to focus on the business and generate shareholder value. This is a risky proposition but one I am willing to take given that OSTK really does not have credible competition in the area of excess inventory.
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I'm ready for the big "O".
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overstock has stumbled, no doubt. damn, i think they tripped actually, but i have confidence that patrick byrne will pick them back up. i am reassured now that he has abandoned his crusade against short sellers and is focusing on the business again.
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Remember the articles about AMZN burning through cash, never going to be profitable. I like the negativity surrounding this company.
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severely underpriced. Based on $900 MM revenue, if they obtain 4% net margin ( not unlikely) they should have a PE of close to 10.
Lot of improvements to the website, and market hates PB.
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It's like "the new eBay" meets "the new WalMart".
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Too much pessimism baked in to the price. Byrne isn't going to let this ship go down. Expenses should decrease, and sales ramp up again by year end.
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expect to see results after the 3rd quarter 06.
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P/S is at .50, Large insider holding, auctions seems to have picked up. Great website. Bound to be profitable very soon, and will trade at a much greater multiple.
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I believe I am not too far off from their target demographic. I shop online all the time. It never occurs to me to use Overstock. They just are not cornering the market the way they should have.
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