Konst

Blockbuster Could Collapse in 2010

Blockbuster is nice. I am a shareholder and I hope the market cap goes up to match annual revenue, not unreasonable. I hope they resolve the financing issues as well as fully adapt to the new landscape of how entertainment is delivered, just like they did when consumers switched from VHS to DVD. Of course, in this climate, streaming, including to mobile devices, will become more and more important. At the moment the stock is cheap, if the company survives it will probably be a multibagger. I hold bbi.b, which is trading at 1/2 the price of A shares, while giving you the same equity and an extra proxy vote. I think good CEOs make a difference, so Jim Keyes and team, I am counting on you.