InvestorsHub Logo
Followers 211
Posts 32325
Boards Moderated 1
Alias Born 06/30/2009

Re: None

Wednesday, 08/15/2018 8:15:22 AM

Wednesday, August 15, 2018 8:15:22 AM

Post# of 54032
This is what happens when a company gets away from its core business:
Overstock Loses 21 Percent of Market Value as Crypto Craze Fades
By Lily Katz
August 14, 2018, 4:46 PM EDT

Overstock.com Inc. shares have forfeited almost 50 percent of their value this year, and nearly half of that plunge occurred in the last two days.

The stock has plummeted 21 percent so far this week, a reversal from Friday’s surge, which came after the online retailer touted investments in its blockchain business.
https://www.bloomberg.com/technology
This didn't help:
"Overstock reported a $64.9 million net loss in the second quarter, compared with a $7.5 million loss during the same period in 2017."


It can be even worse for a company that doesn't have any core business to begin with, like this one.

But can it core A apple?
Yes Ralph, of course it can core A apple.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.