Blog > Editor's Pic > Recession Investing: Overstock.com (OSTK)
 | Email This Article Email This Article  | 

Recession Investing: Overstock.com (OSTK)

Posted July 11, 2008

Overstock.com, Inc.

 

 

 

Baltimore— (TFN): I’m always on the lookout for a stock that stands to MAKE money in a recession, and online discount retailer Overstock.com, Inc. (OSTK:NASDAQ) fits the bill.

The stock price seems to have leveled off lately at just around $23 — this after a steady increase since mid-March when it was just under $9 (wish I had gotten in then!).

But as the economic hard times continue, this company’s value will increase.

I recommend you buy shares of Overstock.com now to see a 25% increase by October — if not sooner!
 
****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. Sign up through your favorite reader here. Or, if you prefer, have the feed delivered to your email.


Related Articles


Posted by Laura Cadden · Filed Under Editor's Pic, International Investing 

Comments

Viewing 1 Comment

    • ^
    • v
    Overstock would be a great buy if it weren't incredibly mismanaged by a bipolar CEO and a group or yes-men executives... (not to mention a puppet board of directors). Look at other niche closeout retailers that are well managed for your bear market picks.

    Closeout retail is a great buy right now, but go with a company that is solvent, transparent, and not managed by buffoons.
close Reblog this comment
Powered by Disqus · Learn more
blog comments powered by Disqus