gspet

Retailers on the Extinction List

When I read a financial blog that deals with companies that I know nothing about I take the information at face value. I assume the blogger knows what he's talking about. Occasionally I read an article on a company that I actually know something about, and if the article is contrary to what I know, I realize the blogger doesn't have a clue about that company. So, why would I believe anything else from that author? This particular author offers an opinion on Blockbuster, and if I were uninformed I would stay away from BBI (and BBIB) or perhaps even short them. Fact is Blockbuster is in good shape, especially at their current price (there's some recent articles from knowledgeable folks supporting my contention). There is very good evidence to support the belief that their stock price will double this year. There is also very good evidence that at some point down the road reality will hit everyone's darling, Netflix, and their share price will plummet. There's no point in my trying to "prove" my point in this comment. Do some research or make a note and watch what happens this year. I'm long BBIB (at least until it gets to $2.00.)