A Wall Street Transcript Top Fifteen 2013 Interview with the Chairman and CEO of Overstock.com, Inc. (OSTK): How Did Patrick Byrne Create a 90% Year-to-Date Return for His Company?

Wall Street Transcript

67 WALL STREET, New York - December 13, 2013 - The Wall Street Transcript has just published its Top 15 CEO Interviews of 2013 Report. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Senior Executives. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Top 15 CEO Interviews of 2013

Companies include: Overstock.com Inc. (OSTK)

In the following excerpt from the Top 15 CEO Interviews of 2013 Report, the CEO of Overstock.com discusses the outlook for his company for investors:

TWST: Over the years you have added products and offerings. You added cars, and then O.biz, for example. Are you looking at expanding into other areas still?

Dr. Byrne: Yes, we are. There is one big one I'd really like to do. I can't disclose it yet, but it is something we might get around to doing in the next year or two. I want to mention that we have a fabulous loyalty program, called ClubO. We introduced it before Amazon did Amazon Prime, but we really didn't get it right until 2010. It's contributing a significant share of our profits.

Now that we are getting hundreds of thousands of customers tied into us through our loyalty program, we are looking at other ways they spend money, and then we are going out and deciding which of those other things they spend lots of money on can we bring to them even more cheaply than they can find it themselves. We are continuing the current business model, but that loyalty program, Club O, is going gangbusters; it's the best loyalty program on the Internet. You pay $20 a year, and then you get between 5% and 25% rewards on what you buy. ClubO a significant part in that strategy.

TWST: Another one of your offerings is Worldstock. Can you talk about Worldstock a little bit and tell us why it is important?

Dr. Byrne: Worldstock is the single best idea of my life...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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