Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Glad I'm out of blockbuster, I was playing the swings from 3-6 cents on the BLOKB shares. I got out at 6.5 and stayed out, wasn't comfortable buying back in at that price.
I may buy some today if I can get it for the low 2 cent range, even if they start bk whcih is think has or soon will happen the stock will continue to trade for a while and will have a few spikes nad if I get in at 2 im sure i can catch a bump up to 4
Glad I'm out of blockbuster, I was playing the swings from 3-6 cents on the BLOKB shares. I got out at 6.5 and stayed out, wasn't comfortable buying back in at that price.
I may buy some today if I can get it for the low 2 cent range, even if they start bk whcih is think has or soon will happen the stock will continue to trade for a while and will have a few spikes nad if I get in at 2 im sure i can catch a bump up to 4
Yeah, I saw this coming as soon as Netflix started getting a lot of attention. It's sad, because I personally really like going to video stores. People like to do everything online these days, though. Anyway -- definitely a bad investment.
The future is clear when it comes to movies: Instant streaming. I have Comcast cable (a/k/a Xfinity now). I just got them to reduce my bill as a threatened to downgrade, and the lady said since we were good customers, she would give us a break for six months, free DVR for a year, and free HD channels as well. Even with Comcast OnDemand, I am still a Netflix subscriber.
Prior to being a Netflix customer, I was a Blockbuster brick and mortar store customer. Then I switched to Blockbuster on-line. Eventually I saw all the movies that I no longer went to the theater to see (too costly**) and started watching some TV series I hadn't see. Blockbuster has some issues with this in their system on how they sent DVDs. Finally I quit Blockbuster in disgust and switched to Netflix, which has been 100% reliable so far.
Redbox and Blockbuster kiosk (currently at Speedway gas stations in the midwest) don't work for me. For starters, they are $1 per DVD and only for a night if I recall. I maximize my Netflix rentals by watching when I get the DVD, and immediately sending it back. Netflix is the best deal for me. Their on-line streaming will likely harm box rentals.
Now, if Comcast offered me the same deal and library of shows and videos for an add'l flat monthly fee, I would drop Netflix and just go with Comcast OnDemand. I think that is the future, and it will be so much easier to just hit a few buttons on the report to get the shows/movies you want. If cable companies get the libraries up to par with Netflix, then match Netflix pricing, I can see Netflix having issues. At $162 a share, shorting would be a possible good play. And since Comcast already has $1.00 movies for older flicks, if they (or U*Verse, Dish, etc.) ever install a flat $1.00 per movie fee, kiss movie kiosk goodbye.
Shorting Coinstar and Netflix long term could be a decent investment, if they don't get merged or bought out by some cable company, etc.. I just see the future as instant renting _if_ prices match that of Redbox/Netflix _and_ the same library is available.
**I now see that movie theaters are taking notice of the economy. Our local theater (AMC) is now offering $5.00 movies M-Thursday (maybe even Friday, not sure). $5.00 for a big screen movie is much more in line with my finances and what I am willing to spend. I still will have to sneak in bottled water, since I refuse to pay their $3-$4 for a bottle I can get for a dollar at the gas station.
I have a Wii and apparently you can stream Netflix through that. Might give it a try.
Currently I have a blockbuster by mail account. It works OK, I had a few problems 2 years ago with it, but so far it's all right. I guess we will see what happens with their current operations.
I'm reviving this thread and wondering if the people who were against buying Blockbuster stock still feel the same way in light of recent events? I'm thinking might be a good time to buy.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Glad I'm out
