PROXIMO

Retailers on the Extinction List

Thanks for your expert opinion. There's a reason it sells for a buck thirty -nine a share. Not that any of their brilliant strategic initiatives, like their aborted run at Circuit City, reflect in any way on the competence of management. There is a reason Netflix is eating their lunch. Good luck with your position. You'll need it. Actually you'll need a miracle.


On Jan 19 12:09 PM gspet wrote:

> 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.)