Earnings Call Excerpt
Overstock.com (ticker: OSTK) has generated a fair amount of controversy since announcing its Q2 results and pre-announcing lower than expected Q3 revenues and profits. With that in mind, here's the full text of Overstock's Q2 conference call for the record. The accompanying slide presentation is here. Q2 transcript in full:
Other OSTK conference call transcripts: Q1 2005, Q4 2004, Q3 2004, Q1 2004.
Q2 2005 Overstock Com Inc Earnings Conference Call
03 Aug 2005 11:00 (ET)Corporate Participants
David Chidester - Overstock.com - SVP, Finance
Dr. Patrick Byrne - Overstock.com - Chairman and PresidentConference Call Participants
Douglas Anmuth - Lehman Brothers - Analyst
Scott Devitt - Legg Mason - Analyst
Craig Bibb - Brean Murray - Analyst
Aaron Kessler - Piper Jaffray - Analyst
Justin Post - Merrill Lynch - AnalystOverstock Com Inc [OSTK]
Q2 2005 Overstock Com Inc Earnings Conference Call
03 Aug 2005 11:00 (ET)Operator
Good morning, everyone. My name is Erica and I will be your conference moderator today. I would like to welcome everyone to Overstock.com's second quarter 2005 financial results conference call. At this time all lines are in a listen-only mode. Later,we'll announce the opportunity for questions and instructions will be given at that time. A web based slide presentation will be used during this call and is available for viewing over the Internet on the Company web site, www.shareholder.com/overstock. [OPERATOR INSTRUCTIONS]. This call is being recorded and will be available for replay beginning today at 3:00 p.m. eastern time through 11:59 eastern time August 10th. The replay can be accessed by dialing 888-203-1112 and entering the code of 4443183.
At this time, I would like to turn the conference over to Mr. David Chidester, Overstock.com's Senior Vice President of Finance. Mr. Chidester, you may begin.
David Chidester, Overstock.com - SVP, Finance
Thank you. Good morning and welcome to Overstock.com's second quarter 2005 conference call. Participating with me on the call is Dr. Patrick Byrne, Chairman and President.
Before I turn to the financial results, please keep in mind that the following discussion and responses to your questions reflect management's views as of today, August 3, 2005 only. As you listen to the call, I encourage you to have our press release in front of you, since our financial results, detailed commentary, and the President's letter to shareholders are included and will correspond to much of the discussion that follows.
As we share information today to help you better understand our business, it is important to keep in mind that we'll make statements in the course of this conference call that state our intentions, hopes, beliefs, expectations or predictions of the future. These constitute forward-looking statements for the purpose of the Safe Harbor Provisions under the Private Securities Litigation Reform within the meaning of Section 27A of the Securities Exchange Act of 1933, and Section 21E of the Securities Exchange Act of 1934.
One -- first, I'm sure I sound like a broken record quarter after quarter, but I'll reiterate the Overstock mantra: Our internal stretch goal for the Company is 100% growth, break even bottom line, with ?break even
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