Research Notes: Overstock's Wild Ride

Acquiring Bed Bath & Beyond seems like a win but it's hard to trust this business.

Highlights:

• Overstock soared after the company acquired assets from Bed Bath & Beyond — then tanked after an early performance update.

• The deal seems like a smart move, but one where patience might be required. The stock does look tempting after the recent plunge.

• But the company’s long and volatile history make it difficult to trust Overstock.