Author Topic: OSTK - Overstock.com  (Read 112162 times)

ValueCarl

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Re: OSTK - Overstock.com
« Reply #20 on: February 27, 2012, 06:53:26 AM »
Patrick's CREW just gave, "Sam, I Am" a CONVICTED FELANNE, a FAT PITCH to run with, especially if he wants to write a new two page 3,000 character diatribe on the psychology of public corporations reporting on Fridays in front of weekends so their stocks find a RESPITE from the selling on "bad news" earnings reports!

Can Sam the Spam, I Am such a Scam, as well as CONVICTED FELANNE adhere to such a PLAN? Go ahead Sam, have a field day with it! 

http://www.4-traders.com/OVERSTOCK-COM-INC-10372/news/OVERSTOCK-COM-INC-Overstock-com-Scheduled-to-Release-Its-FY-and-Q4-2011-Financial-Results-on-March-2-14044123/


Parsad

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Re: OSTK - Overstock.com
« Reply #21 on: February 27, 2012, 04:59:22 PM »
Patrick's CREW just gave, "Sam, I Am" a CONVICTED FELANNE, a FAT PITCH to run with, especially if he wants to write a new two page 3,000 character diatribe on the psychology of public corporations reporting on Fridays in front of weekends so their stocks find a RESPITE from the selling on "bad news" earnings reports!

Can Sam the Spam, I Am such a Scam, as well as CONVICTED FELANNE adhere to such a PLAN? Go ahead Sam, have a field day with it! 

http://www.4-traders.com/OVERSTOCK-COM-INC-10372/news/OVERSTOCK-COM-INC-Overstock-com-Scheduled-to-Release-Its-FY-and-Q4-2011-Financial-Results-on-March-2-14044123/

Hi Carl,

They are reporting before the markets open on Friday, so there is nothing to write about.  I think the critics are mainly bothered by companies that report on Fridays AFTER market close...not before.  Cheers!
No man is a failure who has friends!

ValueCarl

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Re: OSTK - Overstock.com
« Reply #22 on: February 28, 2012, 08:04:39 AM »
Overstock.com Chairman and CEO Patrick M. Byrne said, "We've made O.info the place to find helpful information about our products. The site features unique customer reviews with insights into the appearance, function and fit of a product.  Each product has an overall rating as well as individual user ratings to help make the shopping experience easier for consumers, particularly when deciding among similar products. So whether you're just beginning your research for a purchase or you're ready to buy, the information you need is just a click away with O.info."

Along with consumer goods, O.info contains in-depth information on cars, travel, insurance and business products.

The O.info domain was acquired in September 2011 from Afilias Limited, the official .info domain registry.

Roland LaPlante, CMO of Afilias, said, "Overstock.com has a focused branding strategy for its Web properties including the use of single-character 'O' domains like O.info. The .info domain has been available for more than a decade and has more than eight million users. In fact, .info is the most popular new generic top-level domain (gTLD) assigned by the Internet Corporation for Assigned Named and Numbers (ICANN)."

Read more here: http://www.sacbee.com/2012/02/28/4296838/overstockcom-launches-oinfo-consumer.html#storylink=cpy

ValueCarl

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Re: OSTK - Overstock.com
« Reply #23 on: March 01, 2012, 09:08:54 AM »
Provide a little ground cover for the Cabal's LAP DOGS! This a Dr. Byrne thread; therefore, it is right to utilize BYRNE LANGUAGE in advance of BURNING these BASTARDS!  >:(

Such a silly game, as there is NOT one morsel of good data relating to numbers or "VALUE" in this piece of trash. Throw it in the garbage pail, and light a flame to it and them, while you're at it!   

http://www.forbes.com/sites/greatspeculations/2012/02/29/big-lots-flexing-into-earnings-overstock-may-backfire-for-bulls/

For its part, the extreme oversold conditions in Overstock.com may tempt some into looking at the stock as a potential special situations trade.  Seen this way, Friday’s earnings announcement could be a catalyst that forces short sellers to cover and sends the stock soaring for a brief period as traders rush to buy back shares.

That said, high probability traders and more active investors would do well to avoid filling their shopping carts with stocks like Overstock.com. While a ‘special situations’ trade every now and then can be a great way to take advantage of oversold (and overbought extremes), waiting for a pullback in bull market territory – such as the one that could follow any disappointment in Big Lots’ Friday report – likely is the smarter play to trade in and trade out of this active stock.

ValueCarl

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Re: OSTK - Overstock.com
« Reply #24 on: March 02, 2012, 05:23:51 AM »
http://finance.yahoo.com/news/overstock-com-reports-fy-q4-130000409.html


Key FY 2011 metrics (comparison to FY 2010):
Revenue:  $1,054M vs. $1,090M (3% decrease);
Gross margin: 17.0% vs. 17.4% (40 basis point decrease);
Gross profit:  $179.1M vs. $189.6M (6% decrease);
Sales and marketing expense: $61.8M vs. $61.3M (1% increase);
Contribution (non-GAAP measure): $117.3M vs. $128.3M (9% decrease);
G&A/Technology expense: $134.8M vs. $113.9M (18% increase);
Net income (loss): $(19.4)M vs. $13.9M ($33.3M decrease); and
Diluted EPS: $(0.84)/share vs. $0.59/share ($1.43 decrease).

Key Q4 2011 metrics (comparison to Q4 2010):
Revenue:  $314.1M vs. $348.9M (10% decrease);
Gross margin: 16.2% vs. 17.0% (80 basis point decrease);
Gross profit:  $50.9M vs. $59.4M (14% decrease);
Sales and marketing expense: $18.9M vs. $17.3M (10% increase);
Contribution (non-GAAP measure): $32.0M vs. $42.2M (24% decrease);
G&A/Technology expense: $34.1M vs. $27.4M (24% increase);
Net income (loss): $(3.4)M vs. $14.9M ($18.3M decrease); and
Diluted EPS: $(0.15)/share vs. $0.63/share ($0.78 decrease).


http://www.sec.gov/Archives/edgar/data/1130713/000104746912002034/a2207595z10-k.htm

ValueCarl

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Re: OSTK - Overstock.com
« Reply #25 on: March 02, 2012, 05:27:34 AM »
Free cash flow (a non-GAAP financial measure) — Free cash flow for 2011 and 2010 totaled $16.9 million and $(4.2) million, respectively.  The $21.1 million year over year increase was primarily due to $11.8 million decrease in capital expenditures in 2011 over 2010, and a $9.3 million increase in operating cash flows.
Free cash flow reflects an additional way of viewing our cash flows and liquidity that, when viewed with our GAAP results, provides a more complete understanding of factors and trends affecting our cash flows and liquidity. Free cash flow, which we reconcile to "net cash provided by (used in) operating activities," is cash flow from operations reduced by "expenditures for fixed assets, including internal-use software and website development." We believe that cash flows from operating activities is an important measure, since it includes both the cash impact of the continuing operations of the business and changes in the balance sheet that impact cash. However, we believe free cash flow is a useful measure to evaluate our business since purchases of fixed assets are a necessary component of ongoing operations and free cash flow measures the amount of cash we have available for future investment, debt retirement or other changes to our capital structure after we have paid all of our expenses. Therefore, we believe it is important to view free cash flow as a complement to our entire consolidated statements of cash flows.
Our calculation of free cash flow is set forth below (in thousands):


Year ended December 31,












2011

2010

2009
Net cash provided by operating activities

$
25,663

$
16,322

$
46,117
Expenditures for fixed assets, including internal-use software and website development


(8,741)


(20,511)


(7,275)
Free cash flow

$
16,922

$
(4,189)

$
38,842


Cash and working capital — At December 31, 2011, we had cash and cash equivalents of $97.0 million.  Working capital was $(14.1) million and $14.7 million at December 31, 2011 and December 31, 2010, respectively.  The net change in cash from December 31, 2010 to December 31, 2011 was a decrease of $27.0 million. This was due to $43.8 million of cash outflows from financing activities and $8.9 million from investing activities, offset by $25.7 million of positive cash flows from operating activities.
« Last Edit: March 02, 2012, 05:29:25 AM by ValueCarl »

ValueCarl

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Re: OSTK - Overstock.com
« Reply #26 on: March 02, 2012, 06:16:02 AM »
On September 15, 2009, we received a notice from the Securities and Exchange Commission ("SEC") stating that the SEC is conducting an investigation concerning our previously-announced financial restatements of 2006 and 2008 and other matters. The subpoena accompanying the notice covers documents related to the restatements and also to our billings to our partners in the fourth quarter of 2008 and related collections, and our accounting for and implementation of software relating to our accounting for customer refunds and credits, including offsets to partners, and related matters. Prior to October 2010, the SEC asked us for information in the form of records connected to this matter, all of which we have provided. The SEC has interviewed several witnesses. However, we do not know the present status of the investigation. Since October 2010, we have not been asked for more information, and we know of no person interviewed in this matter since October 2010. We have cooperated and intend to continue to cooperate fully with the investigation.

        We establish liabilities when a particular contingency is probable and estimable. We believe the $2.4 million accrued at December 31, 2011 in our consolidated financial statements is adequate in light of the probable and estimable liabilities. It is reasonably possible that the potential losses may exceed our accrued liabilities for contingencies.

        We have other contingencies which are reasonably possible; however, the reasonably possible exposure to losses cannot currently be estimated.

        We recognized a reduction in legal expenses of zero, $4.5 million and $7.1 million during the years ended December 31, 2011, 2010 and 2009 respectively, related to the settlement of legal matters.



ValueCarl

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Re: OSTK - Overstock.com
« Reply #27 on: March 02, 2012, 06:21:14 AM »
Ten times FCF equating to a $160M market cap online retail company with a very respectable brand notwithstanding Sam, I Am, A CONVICTED FELANNE along with SCAM, and over $1B in annual sales, is DIRT CHEAP.

I would be a buyer again this morning.  ;)

Josh4580

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Re: OSTK - Overstock.com
« Reply #28 on: March 02, 2012, 07:33:42 AM »
Parsad, any comments on this quarters results?

Ballinvarosig Investors

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Re: OSTK - Overstock.com
« Reply #29 on: March 02, 2012, 07:49:07 AM »
Those are truly dreadful numbers. While the retail sector in general has shown modest improvement over the Christmas period, Overstock have increased SG&A only to record a decline in revenue YoY. When you bear in mind that Amazon took a pasting because their revenue increased over the same period by only 35%, you realize how bad the situation is at Overstock. You can no longer blame the Google search engine penalty that hit sales in Q1 and Q2, or the re-branding efforts from last year - to me, it looks like there is something fundamentally wrong with the business.