Overstock: Controversial, but Finally Profitable and Well-Positioned

A San Francisco presenter admits Overstock (NASDAQ: OSTK, $20.38) is a highly controversial name, but is confident the company has finally turned the corner. Last year was the first time OSTK showed a profit. The company is one of the leading forces in the online liquidation merchandise retail. Overstock has strong relationships with manufacturers of brand-name merchandise and gives them a great platform to efficiently get rid of their excess inventory without poluting their sales channels. The company aggregates a vast variety of items in different categories on its site, providing consumers with easy access to discounted merchandise without having to hunt for it in remote outlets. Overstock has a well-recognized brand and is ranked second among domestic retailers for the quality of its service. With online retail continuing to expand, OSTK is well-positioned for significant upside.