| :: |
| Author |
Message |
elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
|
| Posted: Tue Aug 10, 2010 12:11 pm Post subject: Overstock's Patrick Byrne Says Economic Recovery Is 'Fugazi' |
|
|
Overstock.com held its quarterly conference call with analysts on Monday to discuss second-quarter earnings, which it released last week. CEO Patrick Byrne and CFO Steve Chesnut gave a presentation and answered questions from a Bank of America/Merrill Lynch analyst.
Some noteworthy points from the call include the following:
Byrne said he thought that the economic recovery was fugazi ("fake"), saying June and July were softer than what he would have expected; growth rates are now holding. "There's now these numbers coming out, and I think more people are aware that the recovery is fugazi. But I never believed in it, and I think it started to manifest itself in consumer spending as far as we could see starting in June."
Keyword prices are at a 2- to 3-year low, and Byrne said Overstock may up its spending in keyword advertising.
The Overstock.com shopping site has more built-in intelligence on the site, such as A/B testing, Product Recommendations, site design and usability.
There is a pattern of sales growth on Overstock.com in which the first three quarters show flat growth, with the fourth quarter then showing significantly larger growth, and he said he expected to continue to see that in coming years.
more.. link to news article |
|
| Back to top |
|
mojavelyn
Joined: 25 Feb 2005
Posts: 8084
Location: Mojave Desert CA 120 miles from civilization
|
| Posted: Tue Aug 10, 2010 1:03 pm Post subject: |
|
|
| Byrne been hanging with some Characters? |
|
| Back to top |
|
elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
|
| Posted: Tue Aug 10, 2010 4:28 pm Post subject: |
|
|
mojavelyn wrote (View Post): › docWrite("quote")Byrne been hanging with some Characters?
You mean other characters, than his own multiple personalities? :shock: |
|
| Back to top |
|
mojavelyn
Joined: 25 Feb 2005
Posts: 8084
Location: Mojave Desert CA 120 miles from civilization
|
| Posted: Tue Aug 10, 2010 5:33 pm Post subject: |
|
|
Well, the first time I heard the term fugazi was in Johnny Depp's Donnie Brasco... You know the FBI agent who infiltrated the NY mob and other mob 'connections' ... Al Paccino was great BTW!!!
The scene is early, Brasco is looking for an in to the mob, looks at some stones and says they are fugazi.
So, who, other then Byrne's Dissociative Identities has he been hanging around with... his insider trading buds? |
|
| Back to top |
|
| |
