With its stock trading down significantly yesterday, the good folks at Overstock.com (NASDAQ: OSTK) decided that it was time for a press release: Worldstock Offers to Ship 400-Pound Rug for $2.95.Sounds like an impressive offer, right? Well yeah, except that the rug costs $149,999.99. Chairman and CEO Patrick Byrne said that ""Of course you can't ignore the offer to ship the rug for
Patrick: a lot of places would ship a $150 thousand rug for free. With shares of Overstock down about 5% as I write this, the press release doesn't seem to have captured the imagination of investors. It hasn't sold the rug either. If you're interested, you can buy the rug here.
For a look at Patrick Byrne's bizarre conspiracy theories, check out this item from Gary Weiss.
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Reader Comments (Page 1 of 1)
7-04-2008 @ 2:28PM
speculator said...
Bynes is crazy. How did he even build Overstock? His stock is going down along with the rest of the market. Everyone likes to talk about stock for the long run, but between 1966-1981 they went nowhere. Sometimes they go down for long periods.
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