|Bid||0.00 x 1800|
|Ask||0.00 x 1200|
|Day's Range||26.25 - 27.10|
|52 Week Range||24.70 - 89.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||93.50|
Medici Land Governance, a blockchain portfolio company of Overstock.com, Inc. (OSTK) subsidiary Medici Ventures that is focused on applying blockchain and other technologies to land and property rights management, has announced Overstock founder and CEO Patrick M. Byrne has purchased 43% of the company in a private transaction. “It’s no secret that I believe using blockchain technology to bring proper land governance to the world is a major step towards reducing global poverty,” said Dr. Byrne. From the time I first realized the world-changing potential of the blockchain, I have been working to develop a way to use it to provide a secure, immutable record of property to help entrepreneurs from any economic background join the global economy.
Cannabis stocks are reaching record highs and trading volume, but investing in marijuana includes a high degree of risk related to commodities, regulation and the history of market bubbles. Don't get burned.
In recent weeks, we have given considerable attention to Overstock.com Inc. (OSTK) and its efforts to transform itself from an internet retailer struggling to survive in the shadow of Amazon (AMZN) into the premier player in blockchain technology. In our first research note on Overstock, we discussed the strategic efforts to build a range of blockchain technologies, largely through its wholly owned subsidiary, Medici Ventures. Warning! GuruFocus has detected 4 Warning Signs with OSTK.
As a result, its operating income in the first quarter fell to -$54.4 million compared to its operating income of -$2.3 million in the first quarter of 2017. In the second quarter, its operating income fell to -$66.5 million compared to -$9.7 million in the second quarter of 2017.
WILMINGTON, Del., Sept. 21, 2018 /PRNewswire/ -- Grant & Eisenhofer won a jury verdict on behalf of a whistleblower who exposed a scheme by Overstock.com (OSTK) to avoid reporting and remitting to Delaware millions of dollars in dormant gift cards. Following a five-day trial in Delaware Superior Court, a 12-person jury found that Overstock failed to report and remit unredeemed gift card balances that by law should have been reported to the State of Delaware as unclaimed property. As a result, Overstock was found to have violated Delaware's False Claims and Reporting Act over a four-year period (2010-13).
Since last May, Overstock has stressed that changes in natural search engine algorithms made by Google have been negatively affecting its revenue. Why does Overstock want to offload its e-commerce unit?
The fading cryptocurrency craze and the underwhelming financial performance of the company’s retail division have kept investors worried. Cryptocurrencies have always been looked at with skepticism by regulatory authorities due to security risks. Overstock is looking to divest its online retail operations to become a blockchain-focused company along with its subsidiaries tZero and Medici Ventures.
Its legacy online retailing business has suffered badly in recent years, resulting in a strategic shift toward other pursuits. Chief among these has been a push, through wholly-owned subsidiary Medici Ventures, into the arena of blockchain technology and crypto. Specifically, CEO Patrick Byrne's decision to sell 10% of his holdings and then write a lengthy letter to shareholders in order to justify his move.
Overstock.com, Inc. (OSTK) recently launched its newest addition to Overstock Financial Services, a fully integrated lease-to-own purchase option provided through Progressive Leasing, a wholly-owned subsidiary of Aaron’s, Inc. (AAN). This new service adds a simple and affordable purchase option for Overstock customers to lease products for up to 12 months. The lease-to-own program expands Overstock’s financial services, which already provides lending, investment, credit cards, and insurance services to Overstock customers.
Why are the analysts bullish? About 56.0% of the nine analysts covering Etsy (ETSY) stock recommended a “buy” as of September 13. Another 33% of analysts recommended “hold” on the stock, and the remaining 11% analysts rated it as a “sell.” Analysts are bullish for Etsy, as the company’s strategic efforts are heading in a positive direction. There have been two price changes for the stock in the last 30 days.
Medici Ventures, a global leader in blockchain technology, today announced that its portfolio company Bitsy.com has commenced the limited beta launch of a digital wallet service that creates a simple, secure, and convenient bridge between traditional fiat currencies and cryptocurrencies. The initial beta release of the technology will support bitcoin purchases, with additional cryptocurrencies to follow soon. Unlike other wallet providers which do not let users actually hold their coins by using only derivative claims on coins owned by the provider, Bitsy users hold the actual real bitcoins and have complete control over their funds, including the ability to move or spend cryptocurrency.
The key problem is Overstock's legacy online retail business, which continues to bleed badly. There are also swirling questions about its other business lines and strategies, which some investors, such as legendary short seller and trader Marc Cohodes, believe will be worth far more than the current core business (and which are currently not reflected at all in the share price). Warning! GuruFocus has detected 4 Warning Signs with OSTK.
Online retailer creating more than 100 jobs, leasing a 517,000-square-foot facility, according to the Kansas City Area Development Council KANSAS CITY, Kan. , Sept. 13, 2018 /PRNewswire/ -- The Kansas ...
Overstock.com, Inc. (OSTK) announced plans to open a warehouse in Kansas City, Kansas, with distribution from the facility expected to begin in October. “Overstock.com has always focused on finding ways to continually offer our customers the best possible shopping experience, including their delivery and post-delivery needs,” said Carroll Morale, Overstock’s vice president of supply chain. Overstock has leased the full 517,000-sq.-ft. warehouse located at 5300 Kansas Avenue and plans to immediately integrate the new warehouse into its outbound delivery supply chain, including moving top-selling products from its core inventory and strategic partners into the facility.
CEO of e-commerce turned crypto company Overstock is selling 10 percent of his shares but in an unusual open letter Tuesday told shareholders not to worry.
CEO of Overstock.com Inc (NASDAQ:OSTK) Patrick Byrne sold 774,303 shares of OSTK on 09/10/2018 at an average price of $25.83 a share.
The new initiatives adopted by Overstock.com, including disciplined ad spend and a focus on the profitable home goods market, are likely to lead to a shift to profitability in the retail segment, Klee said in a Monday note. "OSTK is considering selling its retail segment, which we estimate could be sold at 1x sales or over twice the current market cap of OSTK, once the company returns to profitability," the analyst said. Maxim forecast losses per share from 2018-2020 before Overstock becomes profitable in 2021 due to contributions from retail and blockchain.
Bitcoin plunged back below the $7,000 on reports Goldman Sachs has abandoned plans to establish a cryptocurrency trading desk.
NEW YORK, NY / ACCESSWIRE / August 28, 2018 / Shares of BJ’s Wholesale Club Holdings was at a 52-week new high yesterday before reversing and dropping almost 7% as traders waited for the company’s second ...
Partnership with GSR Capital and other strategic investors will provide Overstock the capital and market access needed to create a global market for tokenized securities. The structure of the transactions includes consideration consisting of tZERO security tokens, a minority interest in tZERO, and an equity investment in Overstock common shares off the company’s shelf. The term sheets also allow for other investors to participate on the same terms as GSR Capital, and the company is engaged with other potential partners who have expressed interest in participating. Overstock looks forward to closing these transactions in a timely manner, subject to customary closing conditions.