Aceinmysleeve

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    • Mon Nov 19th 19:45 PM | Rating: 0 0
      Commented on:
      Blockbuster's New Paradigm and Its Impact On Competitors
      Ok so I agree with commenters that Keyes is showing a lot of newbie enthusiasm and naively claiming that old ideas are new ones, etc.

      I also think he has the skills to rapidly catch up. The majority of his examples for retail are related to cross-merchandising based on films that are in theatres rather than to HDTV sets and consumer electronics. Can the old time Blockbuster employees really claim that has no logic or should we blame execution problems of prior corporate management?

      Keyes and Blockbuster get my vote (I am now a shareholder for the first time after 4 years of on and off Netflix investment) simply because he has properly refocused back on the stores and away from Netflix. By-mail isn't the future. It is a market that is beginning to peak. And with that peak comes also a decline in the immediate competitive pressures that have pushed poor same store sales.

      With marginal improvement in store profitability via better merchandising, closures of direct across-the-street (at least 500, maybe 1000 stores) competitors, a recapture of some late fee revenue, a burgeoning games business, and a withdraw from wasteful spending on Total Access and you will get a much stronger company who has already spent down some of their debt.

      I think Keyes will sharpen and focus with time. I find his goal to be more transparent and his analysis of previous missteps right on.
      View article »
    • Mon Nov 19th 19:45 PM | Rating: 0 0
      Commented on:
      Blockbuster's New Paradigm and Its Impact On Competitors
      Ok so I agree with commenters that Keyes is showing a lot of newbie enthusiasm and naively claiming that old ideas are new ones, etc.

      I also think he has the skills to rapidly catch up. The majority of his examples for retail are related to cross-merchandising based on films that are in theatres rather than to HDTV sets and consumer electronics. Can the old time Blockbuster employees really claim that has no logic or should we blame execution problems of prior corporate management?

      Keyes and Blockbuster get my vote (I am now a shareholder for the first time after 4 years of on and off Netflix investment) simply because he has properly refocused back on the stores and away from Netflix. By-mail isn't the future. It is a market that is beginning to peak. And with that peak comes also a decline in the immediate competitive pressures that have pushed poor same store sales.

      With marginal improvement in store profitability via better merchandising, closures of direct across-the-street (at least 500, maybe 1000 stores) competitors, a recapture of some late fee revenue, a burgeoning games business, and a withdraw from wasteful spending on Total Access and you will get a much stronger company who has already spent down some of their debt.

      I think Keyes will sharpen and focus with time. I find his goal to be more transparent and his analysis of previous missteps right on.
      View article »
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