Tuesday, February 06, 2007

Overstock.com Announces Q4 Earnings!

I guess "Earnings" is not an accurate term since Overstock had a net loss of $96.9 million in 2006. In my view 2007 will be the crucial year for CEO Patrick Byrne and Overstock.com. How long will investors stand behind the company?

You can get the Conference Call transcript at Seeking Alpha

PS. It looks like they have turned the Auctions Tab around as it is showing a profit for the first time ever according to the AuctionBytes article.

1 comment:

Frank Ross said...

That's good news Randy! But the big question is: are the sellers making any money there? I always had mixed results with Ostock and I had nearly given them up for dead. But I think I might go back and try a few more test auctions to see how it goes.