Corner of Berkshire & Fairfax Message Board

General Category => Fairfax Financial => Topic started by: Mungerville on March 03, 2009, 07:59:08 PM

Title: Overstock.com Market Cap at $150M on $900M in sales
Post by: Mungerville on March 03, 2009, 07:59:08 PM
It just gets to a point that its too cheap.  The thing ain't going bankrupt unless we have a depression.
Title: Re: Overstock.com Market Cap at $150M on $900M in sales
Post by: Stove on March 03, 2009, 09:14:50 PM
While I don't know much about OSTK's business per se, it is possible the Obamacons (Obama cons?   ;D) at the SEC will enact some sort of anti-short-selling legislation shortly, in a most likely futile attempt to stop the market from plunging.  While the President has specifically stated that one shouldn't pay attention to daily market fluctuations, everybody does anyway, and are beginning to lay some of the blame of plunging markets at the feet of his administration and its policies thus far.  Maybe they reinstate the uptick rule or some such.  OSTK would be near the top of the list of stocks that would see a sharp benefit from such legislation.