<\/p>\n
Overstock CEO Patrick Byrne says the company will report its first annual profit soon.<\/p>\n
The company, which is loved by short sellers as a perpetual source of downward stock momentum, has never announced an annual profit. It is down almost 80% over the last 5 years and down almost 5.5% in 2010.<\/p>\n
But now its CEO has told a reporter for the New York Observer that they had a profitable 2009.<\/a><\/p>\n This probably raises some disclosure issues. The company hasn’t issued a press release or made any filing with the SEC about the news. And the CEO seems to know that talking profits ahead of the official news release might be troublesome. “I’m probably going to get a lot of shit for having said this,” he told the Observer.<\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n Overstock CEO Patrick Byrne says the company will report its first annual profit soon. The company, which is loved by short sellers as a perpetual source of downward stock momentum, has never announced an annual profit. It is down almost 80% over the last 5 years and down almost 5.5% in 2010. But now its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-174585","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/174585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=174585"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/174585\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=174585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=174585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=174585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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