Overstock.com (OSTK)

Add a New Bears Reason Company: Overstock.com (OSTK) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 0 votes   History of losses Top Contributor: Ben Hur Gomez | Created when NASDAQ:OSTK was $19.68 | Edit | History Overstocks’ revenue fell three consecutive years beginning in 2005; it finally managed to increase its sells in 2008. However, the company has a history of losses; it has not made any profits since it started in 1999. Although, they have managed to reduce operational costs to some extent, they are still operating in the red. The company has accrued a deficit of more than $260 million and still seeks to spend more. In January 2009, it wanted to increase spending on tech, on an advertising to be used during the Super Bowl, and start a consignment business all while the economy is in one of the deepest recessions it has experienced in decades. (100 character max) Cancel 0% agree 0 votes   Senior management personnel defections Top Contributor: Anichya G | Created when NASDAQ:OSTK was $18.95 | Edit | History Senior management personnel defections and CEO Patrick Byrne’s involvement in litigation against investment banks are cause for concern, especially in a company that needs significant management attention and restructuring if it is to eventually turn a profit (100 character max) Cancel 0% agree 0 votes   Overstock has faced decreasing conversion rates Top Contributor: Anichya G | Created when NASDAQ:OSTK was $18.95 | Edit | History Overstock has faced decreasing conversion rates (% of Overstock.com visitors who make a purchase) over the last year, and heightened advertising costs have proven ineffective in attracting new customers (100 character max) Cancel

Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.