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Litigation

: The FRAUDfiles Blog

Overstock.com still makes no money

By Tracy Coenen

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Once again, Overstock.com (NASDAQ: OSTK)  loses money. During the fourth quarter…. you know… the quarter that is supposed to be the best quarter of the whole year? Yep. Still couldn’t pull out any profits there.

But don’t worry… it’s a smaller loss than the previous year, only $4.3 million, for a loss of 18 cents per share. Apparently analysts thought there would be earnings of 13 cents per share, but no dice!

So for all of 2007, Overstock.com posted a loss of $44.1 million. Way to go Patrick. I think you’re shoring up your place in the list of worst CEOs… at this rate, you’ll never get off that list!

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Full post as published by The FRAUDfiles Blog on January 30, 2008 (boomark / email).

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