Green Mountain Coffee Roasters Surpasses Overstock.com As Worst Stock of 2011
By Gary Weiss: It's a close question: What was the worst stock of 2011, Overstock.com (OSTK) or Green Mountain Coffee (GMCR)? Overstock.com is blessed with a number of attributes that puts it in competition for the worst stock honors, notably an inept management team headed by the conspiracy theorist Patrick Byrne. Byrne is such a nut that he hired a bunch of low-lifes to create a web site to attack his critics and spin his delusional theories. Although it was a work of fiction, it used real names -- and resulted in a potentially catastrophic libel suit in Canada. It's not every day that the CEO of a public company gets into that kind of trouble. And the company's accounting is a notorious mess. For that and other reasons, mainly the ethical horrors perpetrated by the company's management, Overstock has a kind of permanent hold on the "worst company of the era" award,Complete Story »
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