“Don't shut it off. I'm warning you.” Peter Venkman. Ghostbusters. Reitman, Ivan. Performances by Bill Murray. Columbia-Delphi Pictures. 1984 Our journey in BYON over the past 4-5 years has been for brief periods of time...
READ MORE >“Again, we covered a lot and provided more color and guidance than we usually do. In that spirit, I want to remind you that we are here today to discuss our financial results and the progress we made integrating Bed Bath & Beyond. We appreciate...
READ MORE >Following OSTK over the past 4-years has been nothing short of exhausting. Over the past 6-12 months, we have grown increasingly disappointed and frustrated with OSTK’s execution miscues, market share losses, poorly crafted investor...
READ MORE >“Where’s all the stores? Ain’t Dere no more!” Benny Grunch and the Bunch. WWLTV New Orleans https://www.youtube.com/watch?v=gb_dE9oKSN4 NINETEEN. That’s the...
READ MORE >Truth be told, when we hopped out of bed this morning and quickly reviewed OSTK’s 2Q22 operating results we started to gird ourselves for another day of frustration and grew worried we might see a...
READ MORE >We lack imagination as investors. It is the hallmark of every bull and bear market that we underestimate the upside and cannot fathom the downside for the companies in which we invest long or short. This statement not only...
READ MORE >In Russell Napier’s phenomenal book Anatomy of the Bear (which we will likely review again over the weekend), the author suggests that one of the hallmarks of bear markets is that good news...
READ MORE >If you were to pick two factors over the past 8-12 weeks with which you would never want your company to be associated it would be supposed COVID19 “winner” and tech. Well as far as...
READ MORE >Two weeks ago OSTK shares traded north of $110/share. OSTK shares have declined (-35%) in just 10-trading days. This begs one simple question: what the hell happened? First and foremost, if you’re a longtime follower of OSTK this type of...
READ MORE >“Pelion” – a huge or difficult task. “In Greek mythology, the twins Otus and Ephialtes piled Mount Pelion on Mount Ossa and both on Mount Olympus in an attempt to reach heaven and attack the gods. The word is...
READ MORE >Overstock.com is a rapidly growing, profitable ecommerce platform generating significant free cash flow that also owns a promising portfolio of blockchain based technology companies. How rare is that?...
READ MORE >Overstock.com is a rapidly growing, profitable ecommerce platform generating significant free cash flow that also owns a promising portfolio of blockchain based technology companies. How rare...
READ MORE >“Extinction is the rule. Survival is the exception.” Carl Sagan On a day in which renewed concerns about the impact of COVID19 on the US economy drove the S&P 500 more than (-5%) lower the question of which...
READ MORE >“Aces are larger than life and greater than mountains” Mike Caro Neither the most ardent bull nor the...
READ MORE >“So the biggest thing is, we've effectively imposed a view that we want to drive more leverage on the ad cost. So that would manifest to the ad cost as a percentage of revenue. So as you...
READ MORE >“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” Benjamin Graham This oft...
READ MORE >We thought we knew what we were getting into when we wrote up OSTK as a long idea less than two months ago. Since that time, shares have crashed more than (-50%) – obviously we made some...
READ MORE >Before we get into the issue of the day, we wanted to provide some perspective on how we’re thinking about OSTK based on a similar investment idea we introduced roughly 8-years ago. The...
READ MORE >SELL/SHORT
$230
SELL/SHORT
$55
LONG
$70
SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0