Originally Posted by slidecage
on CNBC blockbuster does not plan to go bankrupt..
Man the people who got this stock at 22 cents today is going to make a pretty penny tomorrow or next week. Probally go back up to 1 + though i will not be buying anymore.
Yeah, because everything you hear and see on CNBC is infallible.
From Kramer claiming Bear Stearns and Lehman were going to be fine to their classic dotcom, real estate, and Dow pump n dumps, they're a bunch of rah-rah, clueless idiots. They need to stick with just reporting the numbers, and lose the pump n dump and "advice".
As for Blockbuster, companies that do not adapt and change with the times, that do not continue to evolve, go the way of the dodo. This is nothing new. They had every opportunity to utterly CRUSH netflix and gamefly when they first appeared, simply by benefit of their recources and scale of market (at the time). But like many, they underestimated their competition and the power, potential, and benefit of the web.
Blockbuster = Sarah Silverman...all bark, no bite
Netflix and Gamefly = Ryan Phillipe quietly laying the curbstomp and donkeypunch on...