Is Bitcoin Driving Overstock.com’s Success?

These numbers raise an important question: what is driving Overstock’s sudden rally? My guess is that it is bitcoin, and it might indicate that cryptocurrencies have passed an important milestone.

The milestone is this: more conservative investors; including value investors, have taken notice of altcoins. These people would not invest in cryptocurrencies directly but they are looking for stocks that might from them. Overstock is one of those because it takes direct bitcoin payments; unlike most online retailers including Amazon.

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What is killing the Department Stores?

The real culprit in the death of the Great American Department Stores is changing times. Since there is no way to change that investors should stay away from this sector, perhaps far away.

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Will Big Lots Survive?

One thing is for certain, Big Lots was definitely overvalued at the $49.16 a share it was fetching on March 30, 2017. Nothing in its earnings report or holdings warrants that. Not even the 25¢ dividend which shareholders received on March 15, 2017. Stay away from Big Lots, it is overpriced and exposed to dangerous competitors that will soon destroy its business.

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Is Big Lots Doomed?

That leads me to reiterate an opinion I’ve expressed about Big Lots before, this company is simply not generating enough cash to survive. My prediction is that this chain will either collapse or merge with another retailer, unless it can greatly increase its cash flow.

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Big Lots: the Little Discount Store that Could

Interestingly enough the biggest threat to Big Lots, could be Overstock.com; which can be considered Big Lots’ closest competitor. Like Big Lots, Overstock has seen steady revenue growth in recent years. The online close out store’s revenue grew from $1.554 billion in March 2015 to $1.673 billion in March 2016.

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