Overstock Is on Discount
This column was originally published on RealMoney on March 13 at 11:16 a.m. EST. It's being republished as a bonus for TheStreet.com readers.
Over the past year there has been an avalanche of negativity about Overstock(OSTK Quote). The company has been criticized for underperforming analyst expectations in 2005, and there has been a swirl of controversy surrounding Patrick Byrne, CEO of Overstock, and his legal battle over alleged front-running by certain hedge funds.
My review of the financial statements and operating history of Overstock indicates that the negativity is overdone. This is a severely undervalued company.
As I'll explain below, my minimum prospective value for Overstock shares is $92 in 2010; it currently trades at about $23. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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