Overstock | Retail Value and Risk Factors

On May 15, Overstock (OSTK) filed a Form 4 with the SEC. The filing disclosed that Patrick Byrne, Overstock's CEO and Chairman, had sold 500,000 shares of common stock in the open market. That revelation sent Overstock down about 15% on the day. For me, going long Overstock has been a humbling experience. The thesis … Continue reading Overstock | Retail Value and Risk Factors

Overstock | A Special Situation

Overstock (OSTK) currently presents a Special Situation Investment Opportunity. As Overstock's founder has turned his focus on blockchain investments, the sale of the company's eCommerce operations is imminent. A review of recent M&A multiples in the eCommerce space suggests that at its current price, shares of Overstock are significantly undervalued. Overstock Decides to Sell Itself In 2014, … Continue reading Overstock | A Special Situation

Dundee Corporation | A Race to the Bottom

Dundee Corporation (TSE: DC.A) is a Toronto based diversified holding company with investments in wealth management, resources, agriculture and real estate. Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol DC.A. Under the leadership of its founder, Ned Goodman, Dundee Corporation had enjoyed an illustrious history of … Continue reading Dundee Corporation | A Race to the Bottom