Overstock: An Opportunity Begging For an Activist With 10x Upside Potential

Overstock.com: An Opportunity Begging For an Activist With 10x Upside Potential by Jordan S. Terry, Street Stone Advisors

I’ve finally uploaded our presentation on Overstock.com (OSTK) to Slideshare, which now includes a summary of what we do here at Stone Street Advisors LLC, how we do it, and how we’ve performed since our founding in 2011. The investment thesis is fairly simple:

• Disregarded by all except Prem Watsa, OSTK has slowly and quietly grown into a $1.5bn/year business with an installed customer base
• Operational challenges remain, but are easily identifiable and curable
• Even after committing to a new, unnecessary HQ construction project which destroys significant shareholder value, OSTK still has enormous, triple-digit upside from the secular shift to online value shopping, particularly...
  

  Login required to continue reading.

  Setup a free account to get access to this article (no credit card required).

  View Full Article

  Already a member? Log in here