Overstock.com Still Makes No Money

Posted on January 30th, 2008

Once again, Overstock.com (NASDAQ:OSTK) loses money. During the fourth quarter…. you know… the quarter that is supposed to be the best quarter of the whole year? Yep. Still couldn’t pull out any profits there.

But don’t worry… it’s a smaller loss than the previous year, only $4.3 million, for a loss of 18 cents per share. Apparently analysts thought there would be earnings of 13 cents per share, but no dice!

So for all of 2007, Overstock.com posted a loss of $44.1 million. Way to go Patrick. I think you’re shoring up your place in the list of worst CEOs… at this rate, you’ll never get off that list!

Related posts:

  1. I Thought It Was All Barry Minkow’s Fault?
  2. Latest Overstock.com Lie: 2007 First Quarter Numbers Were GAAP
  3. What about that SEC subpoena, Mr. Byrne???
  4. More Accounting Mistreatment By Overstock.com (NASDAQ:OSTK) and CEO Patrick Byrne
  5. Losses and Changes at Merge Technologies

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