Overstock.com CEO Patrick Byrne's Smear Site Is (Almost) Back Online
By Gary Weiss: With much sturm und drang and bluster, Overstock.com's (OSTK) beleaguered CEO, Patrick Byrne, put his Deep Capture website back online last week. But he made an interesting, though understandable, omission: it doesn't contain any of the articles about which he is the subject of a libel suit in Canada.Since that is pretty much what the plaintiff, Altaf Nazerali wants, it is a kind of preemptive capitulation. He omitted that little fact amidst all the bluster.However, bears in this stock should take heart. Self-preservation always plays second fiddle to the ego of the mercurial Overstock CEO, whose stock continues to hug the vicinity of its 52-week lows as if they are an old and cherished friend.Overstock and its shares continue to be burdened by its CEO's erratic behavior, and I have every confidence that bears in the stock will continue to be happy in the near-term future. Byrne,Complete Story »
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