Overstock.com is Doing Better if EBITDA is Worse Than They Reported?

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This level of logic from the supporters of Patrick Byrne and his supporters is pathetic. Sam Antar has brought up the issue of Overstock.com’s (NASDAQ:OSTK) violation of SEC regulations in reporting EBITDA.

The result of that improper reporting? EBITDA is materially overstated by Overstock.com and the company’s financial results look better than they really are. (Stock price manipulation, anyone?) Continue reading