Opinions
James Telfser
Overstock.com
OSTK-Q
PARTIAL BUY
Jul 24, 2019
He follows it. Their bitcoin alternative is gaining traction. An interesting company and CEO. Make sure you invest in this with your play money. He doesn't know what'll happen to it, but it's very interseting. A wild stock.
$19.110
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This has piqued investors interests because of their investment in blockchain. Blockchain is a technology that sits high level, like a platform, which you can build upon. It is very useful to cut costs in pretty much any industry. Expect this will be widespread. He would let this stock settle down. Watch it for a couple of quarters. Parabolic charts are always scary.
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BUY
From the chart, huge increases on huge volume. Very, very positive. Had quite a tumble since last year. Business direction has changed, and there's lots of hope. $10 is an amazing entry price. He'd add to it, unless you're overweight. But it can move 10-20% one way or the other very quickly.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly OSTK recently reported EPS of $0.50 versus expectations for a $0.02 loss on revenue of $731 million versus expectations of only $585 million. The company saw a 141% increase in the number of new customers over the year and their 28 day repeat purchase rate was up 19%. With COVID-19 cases peaking and the winter gift buying season approaching, the company is well positioned. We would buy this with a stop-loss at $50, with a target to return towards $85 -- 25% upside. We think the ultimate upside could be towards 70%, but we will be conservative. Yield 0% (Analysts’ price target is $101.33)
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