gsurowiec Posted October 25, 2012 Share Posted October 25, 2012 http://finance.yahoo.com/news/overstock-com-reports-q3-2012-130000659.html Very solid heading into Q4 Link to comment Share on other sites More sharing options...
dcollon Posted October 25, 2012 Share Posted October 25, 2012 Congrats to you guys who stuck with this and bought more. What a nice move! Happy for Francis too Link to comment Share on other sites More sharing options...
Mephistopheles Posted October 25, 2012 Share Posted October 25, 2012 I sold way too early, at an average price of $8. :( Link to comment Share on other sites More sharing options...
Guest hellsten Posted October 25, 2012 Share Posted October 25, 2012 So far I'm very happy I backed up the truck on this one. OSTK's future is uncertain though. I won't cheer until I sell at a profit and figuring out when to sell is the difficult part with this one. Short interest is dropping, but is still very high: http://www.nasdaq.com/symbol/ostk/short-interest I'm going to let this winner run for a while longer. Free cash flow totaled $15.7 million and $24.2 million for the twelve months ended September 30, 2012 and 2011, respectively. The $8.5 million decrease was due to a $3.1 million decrease in operating cash flows and a $5.4 million increase in capital expenditures. Net income/(loss) — Net income totaled $2.7 million and a loss of $(7.8 million) for Q3 2012 and 2011, respectively, an increase of $10.5 million. Earnings per share was $0.11 on a fully diluted basis in Q3 2012, compared to $(0.33) for Q3 2011. Contribution in Q3 2012 and 2011 was $31.6 million and $24.6 million, respectively, a 29% increase. Contribution margin increased by 220 basis points to 12.4% from 10.2% for the same periods. Link to comment Share on other sites More sharing options...
lessthaniv Posted October 25, 2012 Share Posted October 25, 2012 8% decrease in G/A and Tech led to a 29% increase in contribution. That pretty much confirms the March/2012 thesis. Link to comment Share on other sites More sharing options...
FrankArabia Posted October 25, 2012 Share Posted October 25, 2012 according to Chou Funds, the average cost per share is around $20...francis hasn't made it out of the woods yet with this stock..... i respect Francis a whole lot. any idea what the main thesis for this company is? Link to comment Share on other sites More sharing options...
Guest hellsten Posted October 25, 2012 Share Posted October 25, 2012 Early 2012 my thesis was that OSTK: - might experience a short squeeze - has a good owner-manager - will not go bankrupt - will be profitable - will grow That Francis Chou owns OSTK and was buying more was icing on the cake. That the media was and is spreading various stories about Patrick Byrne and OSTK is a good thing. Less interest in OSTK means I get to buy it at a lower price. The market seemed to disagree strongly with all of the above. So far the market has been proven wrong. I hope I'm right long-term. Link to comment Share on other sites More sharing options...
FrankArabia Posted October 25, 2012 Share Posted October 25, 2012 Are there hidden assets here? Total assets here is about $130 million, equity is about $18 millon. This company may be able to generate $-15$20 million in a good year. Yet the company is selling for right now about $300 million. I must be missing something very big here. please fill me in. Link to comment Share on other sites More sharing options...
Nnejad Posted October 25, 2012 Share Posted October 25, 2012 Well, the optimistic view would be that it's got 50 mm in net cash, and so long as revenues grow over time, the company can generate FCF more in the range of $40mm (with some benefit coming from changes in working capital). Link to comment Share on other sites More sharing options...
returnonmycapital Posted October 25, 2012 Share Posted October 25, 2012 according to Chou Funds, the average cost per share is around $20...francis hasn't made it out of the woods yet with this stock..... i respect Francis a whole lot. any idea what the main thesis for this company is? Price to sales ratio. Link to comment Share on other sites More sharing options...
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