jstreet
10-31-2005, 04:28 AM
Is There a Grown-Up Here? Anywhere?
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Patrick Byrne, the 42-year-old president of Overstock.com, a seller of excess retail inventory, apologized to investors yesterday for a $14.2 million third-quarter loss thusly, and we quote: "My bad."
Later in his conference call, he warned of a potential hostile takeover of his company being orchestrated by a "Sith lord," forcing the poor Bloomberg writer to explain what a Sith lord is. Perhaps investors can look forward to the company's Q4 earnings being dramatized with the aid of scale models and action figures. "Okay. Here's the Ewoks. That's us . . ." http://www.washingtonpost.com/wp-dyn/content/article/2005/10/29/AR2005102900207.html
Never before in the history of Wall Street has a single conference call mentioned the following topics:
Miscreants, an unnamed Sith Lord he hopes the feds will bury under a prison, gay bath houses, whether he is gay, does cocaine, both or neither, and an obligatory, not that there is anything wrong with that, phone taps, phone lines misdirected to Mexico, arrested reporters, payoffs, conspiracies, crooks, egomaniacs, fools, paranoia, which newspapers are shills and for who, payoffs, money laundering, his Irish temper, false identities, threats, intimidation, and private investigators. All in 61 minutes. http://www.blogmaverick.com/entry/1234000780054315/
Edit: I've been informed the second link is from a previous conference call. There were apparently more than one looney-toon calls ;)
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Patrick Byrne, the 42-year-old president of Overstock.com, a seller of excess retail inventory, apologized to investors yesterday for a $14.2 million third-quarter loss thusly, and we quote: "My bad."
Later in his conference call, he warned of a potential hostile takeover of his company being orchestrated by a "Sith lord," forcing the poor Bloomberg writer to explain what a Sith lord is. Perhaps investors can look forward to the company's Q4 earnings being dramatized with the aid of scale models and action figures. "Okay. Here's the Ewoks. That's us . . ." http://www.washingtonpost.com/wp-dyn/content/article/2005/10/29/AR2005102900207.html
Never before in the history of Wall Street has a single conference call mentioned the following topics:
Miscreants, an unnamed Sith Lord he hopes the feds will bury under a prison, gay bath houses, whether he is gay, does cocaine, both or neither, and an obligatory, not that there is anything wrong with that, phone taps, phone lines misdirected to Mexico, arrested reporters, payoffs, conspiracies, crooks, egomaniacs, fools, paranoia, which newspapers are shills and for who, payoffs, money laundering, his Irish temper, false identities, threats, intimidation, and private investigators. All in 61 minutes. http://www.blogmaverick.com/entry/1234000780054315/
Edit: I've been informed the second link is from a previous conference call. There were apparently more than one looney-toon calls ;)