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Strong Buy
Re: Dear Patrick, You have done a great job but listening to the CC makes me question why you didn't listen years ago in SLC You Mentioned at about 25 minutes into today's Conference Call about helping build companies BUT NOT INVESTING in them and in turn watching them sell for up to a billion dollars. Several years ago when I flew into SLC and asked you point blank about this and why you would not be investing in companies when you were so much smarter than the majority of hedge funds out there and understood these companies? You said it was a fair question back then...... but today you said you just let the dream opportunities go that sold for many more times than the entire Overstock.com company is even worth. The company is stronger than ever and there is no doubt the tech arm is worth plenty. Could you please step in and look after the shareholders and buy some of the stock back at these depressed levels for no other reason than to let the very long-term shareholders know that you not sleeping at the wheel? Worn out shareholder that feels like jumping on a plane in Omaha and flying back to SLC to give you more good ideas with the hope that you would listen. By the sounds of today's letter you need employees and shareholders to lead you in the right direction! |
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