Beyond, Inc. (BYON)

[somoneysportspicks]

Mark March 17, 2020 on your calendar. It’s when Patrick Byrne can start buying back shares. And it sounds like he will.

From his last post,


“It provides a hedge for Overstock. If the economy craters and thus Overstock runs into tough times, those investments will soar (that’s the “hedge”) and you will have access to capital if needed. In fact, you will have not just access to capital, you will have access to the friendliest capital imaginable: my own. I have to wait six months for it to be legal, but anytime after March 17, 2020 I can provide a capital injection if needed by buying back into Overstock. Please remember that as you watch the global chaos. If you see the US economy cratering please do not lose the sleep you otherwise might: you will have a friend who has sunk (almost) his entire fortune into investments that will soar if a crisis occurs, and who knows your business well, and who appreciates you.”