Date: Fri Apr 22, 2005 5:43 pm
First one that comes to mind is overstock.com. Its down to 34 from 43 sinceI last recommended it. Anyway, I do feel that there might be severalaccumulation opportunities in this company but for long term investors its agood buy. I also feel that it will rise a lot during Nov - Dec if nothingelse a trend that seems to have established over the last couple of yearsfor etailers. This stock will be accumulated over the next few weeks.
Business: Sells anything that is overstocked by retailers. Simple stuff sometimes like the new Harry Potter book is being sold 2 bucks cheaper onOverstock.
1. Revenue has gone up from 82 Mil to 166 Mil in a year's time.
2. Loss of 4.2 mil... analysts have made a big deal of this but believe me,when your revenue is that high you cannot worry about a loss of 4.2 mil. The100% growth is really the important story and the loss can very easily becontrolled when revenues are this high.
3. It's got the most honest and straight up CEO. The CEO and his fatherbought between 48 - 55 bucks.4. Stock has a large short ratio and low float which means it can be drivenup very easily (short covering).
Here is what I feel confident about: Buy now and you will definitely havesome good profits by Dec end if not before that.
Good luck!Ahu
