Tuesday, September 25, 2018

Overstock Wrongly Trading As A Cryptocurrency


Summary

A new reference point values tZero at $32 per share, a 15% premium over OSTK shares. In addition, you would receive the retail business and Medici for free.
The market has been pricing OSTK shares according to bitcoin prices.
Medici and tZero are using the same technology as bitcoin. But neither Medici nor tZero is bitcoin.
I recommend buying OSTK shares offering a 180% upside to my fair price of $76.
My worst scenario offers a 20% margin of safety to the current price. If tZero experiences mass adoption, OSTK is a multibagger.


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