Overstock's Shares Have Been 'Almost Dormant'

About: Overstock.com, Inc. (OSTK)
by: The Stock Stooge
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The Stock Stooge
Long/short equity, Growth, long-term horizon

Overstock's shares have been trading in a narrow trading range.

Shareholders are set to vote to approve a digital dividend on February 13th. I expect it will be approved.

Many of the issues affecting the digital dividend still apply. It will be a real pain for anyone receiving it.

Meanwhile the company continues to lose money and is now funding operating losses through an "at the market" offering.

"Almost Dormant"

For the last 8 weeks, Overstock's (OSTK) shares have traded within a fairly narrow range. One might say that the stock has been "almost dormant". Of course I am sarcastically borrowing