Short Seller Marc Cohodes About Face on Overstock

Former hedge fund manager Marc Cohodes has been a long-time critic of Overstock.com and its wacky CEO, Patrick Byrne. The criticism dates back to the days when Cohodes was at Rocker Partners, a company that was sued by Overstock along with research firm Gradient Analytics. In 2005, Cohodes was fingered …

Overstock.com Report on TheStreetSweeper

TheStreetSweeper, a site investigates and reports on public companies, released a report last week on Overstock.com. The article, called “Under Surveillance,” said that the company’s stock is massively overvalued. The stock price shot up when Overstock jumped on the cryptocurrency bandwagon: Overstock’s crypto-fueled stock surge began in August, after the …

China MediaExpress: Massive Fraud or Victim of Short Sellers?

UPDATE: In March 2011, CFO Jacky Lam of China Media Express and the auditors (Deloitte) resigned. Deloitte said they could no longer rely on the representations of management, and they suggested an investigation was in order. Ping Luo, the analyst from Global Hunter who gave CCME rave reviews resigned. Maurice …

Conservatism is no excuse for false financial statements, Overstock.com

I’ve written extensively in the past about the train wreck that is Overstock.com (NASDAQ:OSTK) and its nutty CEO, Patrick Byrne.  Just when I think there couldn’t possibly be more to write about the horrible company and Byrne’s crazy antics, I’m proven wrong. For those that have been following Overstock.com for …

In Agreement: Overstock.com Sucks and Patrick Byrne is Wacky

I’ve written plenty here about perpetual money-loser Overstock.com (NASDAQ:OSTK) and its wacky CEO Patrick Byrne. Unfortunately, I’ve mostly lost interest in the topic. Why? It’s the same old, same old. Overstock.com continuously loses money for shareholders. Byrne pretends that profits are right around the corner. More money is lost. Dishonest …

Details on the Overstock.com Cyberstalking and Spyware Campaign

A couple of weeks ago, I commented on a post that Judd Bagley, chief Overstock.com (NASDAQ:OSTK) stalker and “Deep Capture reporter” made on the InvestorVillage message board for Overstock. He stated there: “…my first master stroke was getting a tracking cookie placed on the laptop computer of Dan Schoenherr…” I …

Overstock Continues to Mislead Investors With Phony EBITDA Calculation

In the past, I’ve discussed the improper EBITDA numbers reported by Overstock.com (NASDAQ:OSTK). It comes as no surprise that the con game continues with Overstock’s latest reported numbers. The SEC rules are very simple. “EBITDA” refers to a specific calculation, which is “earnings before interest, taxes, depreciation, and amortization.” Overstock.com …

Gradient Scores Huge Victory in Court Against Overstock.com

COURT RULES THAT GRADIENT ANALYTICS’ CROSS-COMPLAINT MAY PROCEED AGAINST OVERSTOCK.COM, INC. ON ALL COUNTS AMENDED CLAIMS TO BE FILED AGAINST OVERSTOCK CEO PATRICK BYRNE Scottsdale, July 10, 2008 Gradient Analytics, Inc. announced today that the Marin County Superior Court has ruled in the case of Overstock.com, Inc., v. Gradient that …