Overstock.com – OSTK $57.85 Mkt Cap $1.53 B
Summary and Opinion: Between crypto-mania, regulatory pressure, and even history, we see a mix so daunting, so expansive, that it’s hard imagine Overstock’s cryptocurrency deal survives, at least not in its present form. If it does survive, then investors will have every right to cheer. For now, you can put us in the category of those in no hurry to order the pom-poms yet.
In the balance of this note we parse company disclosures about the SEC probe and walk through why we think Overstock poses more risk than supporters may recognize. We include excerpts from our vast document library as comparisons.
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-- Probes Reporter
Independent Investment Research Focused on Public Company Interactions with the SEC.
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