IS THERE LIGHT AT THE END OF THE TUNNEL IN OVERSTOCK.?
It has come to light that several suitors are now in play to take over the retail division, thus the rally in the stock today, which was at EXTREMELY Beaten down level. THE STOCK ALSO CARRIES A INCREDIBLE 65% SHORT INTEREST, and is just about the most expensive stock to borrow.
"Two very attractive acquirers that I would have put high up on my list have shown up, CEO Byrne told CNN today.
SHORT INTEREST 65%
COMPANY PROFILE
Overstock.com, Inc. operates on online shopping commercial site. The firm also sells these products through overstock.com, o.com, and o.biz. It operates through the following business segments: Retail, tZERO, and Other. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers. The Other Segment consists of Medici business. The company was founded by Patrick Michael Byrne on May 5, 1997 and is headquartered in headquartered in Salt Lake City, UT.
"Two very attractive acquirers that I would have put high up on my list have shown up, CEO Byrne told CNN today.
SHORT INTEREST 65%
COMPANY PROFILE
Overstock.com, Inc. operates on online shopping commercial site. The firm also sells these products through overstock.com, o.com, and o.biz. It operates through the following business segments: Retail, tZERO, and Other. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers. The Other Segment consists of Medici business. The company was founded by Patrick Michael Byrne on May 5, 1997 and is headquartered in headquartered in Salt Lake City, UT.
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