Author Topic: OSTK - Overstock.com  (Read 130867 times)

porcupine

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Re: OSTK - Overstock.com
« Reply #400 on: January 08, 2019, 09:48:19 AM »
Any news here? Stock is up around 12.5% from last Friday's close. Could this speculation related to MEMX?
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Foreign Tuffett

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Re: OSTK - Overstock.com
« Reply #401 on: March 01, 2019, 10:15:59 AM »
The saga continues.....

https://www.sec.gov/Archives/edgar/data/1130713/000113071319000009/pressrelease2.htm

Your humble servant,
Foreign Tuffett

OracleofCarolina

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Re: OSTK - Overstock.com
« Reply #402 on: May 15, 2019, 11:36:24 AM »
any bulls left?? Looks like the CEO is selling more shares!

Spekulatius

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Re: OSTK - Overstock.com
« Reply #403 on: May 15, 2019, 03:24:28 PM »
Investment in tZERO common stock - now that sounds really promising.
To be a realist, one has to believe in miracles.

mwtorock

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Re: OSTK - Overstock.com
« Reply #404 on: May 16, 2019, 12:08:50 PM »
any bulls left?? Looks like the CEO is selling more shares!

Not a bull for a long time now, but at these levels you ought to think there are some values left in there. the main concern is they are running out of cash by the way they burning it into crypo start-ups, and by now everyone probably lost faith in what patrick says. but i would probably take another look to see what they have in terms of bitcoins, gold, buildings, etc.

Cevian

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Re: OSTK - Overstock.com
« Reply #405 on: May 16, 2019, 02:39:35 PM »
Investors have lost confidence based on Patrick's latest selling of shares. He explained his previous sales earlier this year but this one took investors by surprise, especially at these prices.

He's basically bet the farm on blockchain/crypto

Sportgamma

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Re: OSTK - Overstock.com
« Reply #406 on: May 16, 2019, 04:13:45 PM »
but this one took investors by surprise, especially at these prices.

Well, margin calls tend to come when prices are depressed.


given2invest

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Re: OSTK - Overstock.com
« Reply #408 on: May 17, 2019, 08:44:19 AM »
Yah, that should end all the controversy.   ;D

Cevian

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Re: OSTK - Overstock.com
« Reply #409 on: June 12, 2019, 06:13:46 AM »
Good blog post today: https://fundamentalfinanceplaybook.com/2019/06/11/overstock-retail-value-and-risk-factors

I hadn't thought of the perspective that maybe Patrick Byrne sold his shares as a result of a margin call.

My biggest beef with Byrne is that he's basically "bet the farm" on Blockchain and Crypto. I do agree with him that Blockchain will have a major impact on many aspects of how things are done in the future, but I would never "go all in".

He's put himself and the Company in a vulnerable position.