Overstock.com: Pretend Accounting Measures Muddy the Waters
I present for you today one (just one) example of the accounting shenanigans at Overstock.com Inc. (NASDAQ:OSTK) to demonstrate the deception of management. This accounting concept is quite elementary, and it is called EBITDA. EBITDA = Earnings Before Interest, Taxes, Depreciation and Amortization Accountants and investors generally agree on what …