Overstock seen as takeover candidate

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Overstock seen as takeover candidate

12-15-2006, 09:36 AM,

Post: #1

mandy Offline

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Overstock seen as takeover candidate

Quote: Overstock.com (OSTK) leveraged buyout and takeover rumors are fairly recent. We first reported them on December 1, 2006 when the stock was still at $15.00 per share. This takeover chatter has helped drive OSTK over 10% higher in less than two weeks...

With $133M in liquid assets and the Christmas season upon it, a market cap of $346M could look attractive as a leveraged buyout candidate, as over 40% of the market cap is in liquid assets. With yearly revenues of about $800M, a new CEO that is able to increase profit margins even slightly would be able to pull a profit - even an increase of less than 1% could do the trick...

Bottom line: OSTK appears to be a good takeover candidate for a big web company, or even a private equity firm, as yearly revenue is more than double its market cap and liquid assets amount to about 40% of the current market cap...

full article: http://internet.seekingalpha.com/article/22307

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