Live Blogging the Overstock.com Q2 Earnings Call

Your friendly Human Resources Professional Daniel W. Braddock will be joining me today for this particular Overstock powwow. He and I will be chatting live and I’ll be updating periodically. You can listen yourself by calling here: dial (866) 551-1816 and enter conference ID 90318167 when prompted and chime aniel: I’m in
President here we go
ahhhhh speaker phone.
it’s like these guys have never been on a conference call before
me: i’m not in yet
Daniel: you’re missing the legal mumbo jumbo
me: proceed with commentary until i get on
Daniel: He’s recommending having the q2 and 10Q/K available as references
Jonathan hands over to Steve
me: oh that’s a relief
Daniel: Revenue up 32% from q2 ’09 to ’10
gross margin way down
shocker
me: I’m on! And yes, it’s a snoozer so far but the balance sheet is sound! Whatever that means.


Daniel: slide deck? what slide deck?
off to slide 4 already?
help!
me: Jesus
I can’t follow this
Slide 5?
Anyone else having trouble keeping up?
Daniel: Who is this guy? Used the word “starch” to describe cash flow
Pretty sure he just tripped over slide five and fell on slide 6
whatever that mean
means*
3:11 pm me: Good grief
they’re talking GAAP
thin ice boys
very thin ice
Daniel: and no one knows if their numbers are an all-time high or not
me: well
Daniel: you have THREE years of numbers to remember
me: memory is a tricky thing if you’re on medication
i kid Patrick
I kid
Nothing but love
Daniel: Pretty sure slide 10 was removed from the presentation…
me: You’re looking at the slides?
Daniel: From an HR/public speaking perspective this man is atrocious

3:15 pm; me: Christ
the customer satisfaction poll
again?
Old news guys
Daniel: When you only have a few cards in your back pocket, you must re-use
Daniel: Have you ever purchased anything off of Overstock.com?
me: God no
Patrick is wrapping up already
Daniel: Is he wrapping up or is he getting the hook?
me: Btw, Sam is live tweeting the call, you can follow it here:
Daniel: IS THE WINDOW OPEN??
me: http://twitter.com/SamAntar
Daniel: I HEAR TRAFFIC OUTSIDE
me: “there’s not a person in this company that knows what Wall St.’s numbers are”
That’s amazing
Shareholders are you listening?
me: Questions
coming up
Bueller?
Bueller?
Jesus
no questions?
Daniel: You need investors first
me: Matt Schindler
BofA
or maybe not
who is this guy?
Daniel: Trends in spending
on Overstock? Try suits from 1997
me: Apparently Sam’s phone number is blocked
Sam, I hate to say it but I’m not surprised
Intelligence on the site?
Come on people
Is that it?
“it’s nice talking to smart owners”
End of call
Jesus man
Daniel: That was painful
me: Thoughts?
is there a holiday today that I’m not aware of?
Daniel: I simply think people do not care about the current state of this company
from a management perspective – good LORD were they unorganized.
Byrne spoke like he was conversing with close colleagues: lingo was very internalized; assumptions about background were made.
How you are not able to call on basic numbers from two years ago boggles my mind as well.
me: They blocked off an hour for that?
I feel gypped.
Not even 30 minutes
I think we were on to something skipping the Q1 call
Daniel: Welcome to Wall Street in August
me: Good point
See you for Q3 I guess
Maybe Sam will have more on this dumped stock
by then
Daniel: Here’s hoping.

Your friendly Human Resources Professional Daniel W. Braddock will be joining me today for this particular Overstock powwow. He and I will be chatting live and I’ll be updating periodically. You can listen yourself by calling here: dial (866) 551-1816 and enter conference ID 90318167 when prompted and chime in below.

Daniel: I’m in
President here we go
ahhhhh speaker phone.
it’s like these guys have never been on a conference call before
me: i’m not in yet
Daniel: you’re missing the legal mumbo jumbo
me: proceed with commentary until i get on
Daniel: He’s recommending having the q2 and 10Q/K available as references
Jonathan hands over to Steve
me: oh that’s a relief
Daniel: Revenue up 32% from q2 ’09 to ’10
gross margin way down
shocker
me: I’m on! And yes, it’s a snoozer so far but the balance sheet is sound! Whatever that means.


Daniel: slide deck? what slide deck?
off to slide 4 already?
help!
me: Jesus
I can’t follow this
Slide 5?
Anyone else having trouble keeping up?
Daniel: Who is this guy? Used the word “starch” to describe cash flow
Pretty sure he just tripped over slide five and fell on slide 6
whatever that mean
means*
3:11 pm me: Good grief
they’re talking GAAP
thin ice boys
very thin ice
Daniel: and no one knows if their numbers are an all-time high or not
me: well
Daniel: you have THREE years of numbers to remember
me: memory is a tricky thing if you’re on medication
i kid Patrick
I kid
Nothing but love
Daniel: Pretty sure slide 10 was removed from the presentation…
me: You’re looking at the slides?
Daniel: From an HR/public speaking perspective this man is atrocious

3:15 pm; me: Christ
the customer satisfaction poll
again?
Old news guys
Daniel: When you only have a few cards in your back pocket, you must re-use
Daniel: Have you ever purchased anything off of Overstock.com?
me: God no
Patrick is wrapping up already
Daniel: Is he wrapping up or is he getting the hook?
me: Btw, Sam is live tweeting the call, you can follow it here:
Daniel: IS THE WINDOW OPEN??
me: http://twitter.com/SamAntar
Daniel: I HEAR TRAFFIC OUTSIDE
me: “there’s not a person in this company that knows what Wall St.’s numbers are”
That’s amazing
Shareholders are you listening?
me: Questions
coming up
Bueller?
Bueller?
Jesus
no questions?
Daniel: You need investors first
me: Matt Schindler
BofA
or maybe not
who is this guy?
Daniel: Trends in spending
on Overstock? Try suits from 1997
me: Apparently Sam’s phone number is blocked
Sam, I hate to say it but I’m not surprised
Intelligence on the site?
Come on people
Is that it?
“it’s nice talking to smart owners”
End of call
Jesus man
Daniel: That was painful
me: Thoughts?
is there a holiday today that I’m not aware of?
Daniel: I simply think people do not care about the current state of this company
from a management perspective – good LORD were they unorganized.
Byrne spoke like he was conversing with close colleagues: lingo was very internalized; assumptions about background were made.
How you are not able to call on basic numbers from two years ago boggles my mind as well.
me: They blocked off an hour for that?
I feel gypped.
Not even 30 minutes
I think we were on to something skipping the Q1 call
Daniel: Welcome to Wall Street in August
me: Good point
See you for Q3 I guess
Maybe Sam will have more on this dumped stock
by then
Daniel: Here’s hoping.

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