Marc Cohodes' favorite long Overstock.com is implodingOverstock.com continues to burn money on scammy blockchain ventures that will become zero.
Its retail business is bleeding money like crazy with negative growth and eventually will become zero as well.
Zero + Zero = Zero i.e. the stock is worth nothing, mark my words, OSTK is gonna go backrupt and will be liquidated. Shareholders will be wiped out. There will be no white knights because OSTK has zero valuable assets
Btw, CEO sold large amount of shares couple months earlier, leaving bagholders holding worthless stocks.