Thursday, December 20, 2007

What's the Deal With Overstock? has done a fantastic job reaching out to women shoppers and recently was named #1 in the Customer Respect survey for Q4 07' but its share price is down more than 60% since controversial CEO Partick Byrne spoke about margin pressure in the 4th quarter.

I think that Overstock is a great site and fills a need in the supply chain but I don't believe it will ever make money with Patrick Byrne as CEO and since he owns controlling interest in the company only a meltdown will put Overstock in-play for acquisition.

I've said in the past that I believe Amazon should acquire Overstock. Amazon management has proven their ability to make a low margin business work and would be able to turn Overstock around but Patrick Byrne is in the way.


Anonymous said...

Patrick Byrne is an idiot. Let's short his stock.

ONLYEBAY said...

So the question really is, would Patrick be willing to sell out? and if so, when and at what price?

Randy Smythe said...

Yes, that is correct. He's a pretty stubborn guy but I'm sure if the offer was right he would have to consider it.

I really only see a fit with Amazon and believe Amazon's management could turn it into a profitable business. If that happened it would really benefit 3P merchants.

Anonymous said...

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