Overstock's Byrne: An Old-Time Executive (OSTK)

| About: Overstock.com, Inc. (OSTK)

For those of you who yearn for the 'good 'ole days', it should be comforting to know that there are still CEO's who blatantly mislead the public as a regular course of doing business.

Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne just last week said there was no need to raise more cash, but now he has sold stock at a below market rate to raise cash.

I still contend, as I did a few months ago, that while consultants should not second guess their managers, that one would be wise to see if any of your managers hold Overstock and if so you should enquire as to the reason.

Related: Overstock.com Inc. Q1 2006 Earnings Conference Call Transcript