• Dave Stewart, Overstock's Chief Financial Officer, stated on the earnings call that "[t]hese are tough times and we have had some challenges with our top line growth [...] We continue to invest in our business [...] [and] expect positive cash flow growth over the next few years." 
• While this may be true, it is difficult to see how these investments will result in significant top line growth given current economic conditions. 
• Stewart: "the competitive landscape continues to evolve and there are new entrants into the marketplaces where we operate." 
• Overstock will likely face stiff competition from newer competitors who are able or willing to invest more money into their businesses than Overstock currently is.

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