The Overstock.com house of cards

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Quite a lot happened this past week at Overstock.com. Is the house of cards finally falling down? Some think so. Gary Weiss even wrote a blog post entitled “Will the Last Overstock.com Director Please Turn Out the Lights.” And Sam Antar is wondering why people are distancing themselves from CEO Patrick Byrne. The Overstock.com directors…

Why the Overstock Inventory Issue Matters

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It has been suggested that discussing the inventory issues at Overstock.com is a waste of time. Surely there is more interesting stuff going on. like Sith Lords and such. So I’ll explain why it’s so important. Inventory is a financial statement line item that is notorious for being abused. Some companies are loath to record…

The Patrick Awards

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While surfing the ‘net for interesting reads on Overstock.com CEO Patrick Byrne, I came across a post by Jeff Matthews, whose blog is “Jeff Matthews Is Not Making This Up.” Jeff came up with the “Patrick Awards.” The awards are given to those corporate executives who make the strangest comments on earnings conference calls. They’re…