unfortuantely, imo, there is a political influence in the spectrum battles. with the new admin. in place, will Lsqrd come out of bk? That situation is going to be resolved, one way or another. you have Republicans on the GPS side, and the Admin. on the Lsqrd side. FCC will do what? With the inaugural over, i'd imagine some movement in the next month. How this shakes out, will be a factor on how DISH proceeds.
As an aside, i think the thread on the hopper and the port, etc. is really germane to the issue. Is the Hopper part of the deal? could it be a bargaining chip? I'm not really sure how it works, that device, but i'd like to see it in action. It can accept a device and interface with a phone? Makes my head spin.
& i can also say this: $450,000 per site (they're leases) is way too much to pay. So there isn't a real reason given why they are closing the stores. just makes no financial sense. unless they never intended to be in the retailing of rental movies (dvds) business. If i was going to do something like a mega wireless virtual movie store, with phones and devices, more like an apple store, i'd sell off all of them but a few, too.
gee whiz jerry strouss who cares if they keep them stores open or close them all it has nothing to do with your investment in bb liquidating a bankrupt cumpany with no operations now or ever but keep up the good work detective i am sure you will find out the location of them stores one of these days !! LMBO
Just to drive home my point again: the stores they are closing must be profitable. as they are in prime locations. so why close them? because its not about operating profitable blockbuster stores. that was never the reason, for DISH, to do the deal in the court.
No, I think that the question is: why would DISH pay $ 220m for 500 stores (leases)? That's about $ 450k per store. My conclusion is, and has been, that DISH's purchase of the real estate was, on balance, a break even for them. no real cost and no real big gain. They did it, to in effect give a bridge loan to the process. My point on the most recent store closures, is it makes no sense to close prime stores, which are the cream of the sites, (1500 were the best locations doing 80% of the business), unless the real purpose of the asset acquisition wasn't to operate retail stores renting dvds at all, but to fund the debtor through the bankruptcy. DISH will take the remaining stores 500 or so and make them into wireless rental stores and phones and home devices for movies. If it was just about operating profitable dvd blockbuster stores, they wouldn't close these that are slated to close.
are you harry? no matter. i'd be happy to explain further, but harry's attitude doesn't warrant too much attention, you know? people that don't want to learn, rarely get any quality teaching. his reply not only shows he doesn't understand me, he really doesn't want to learn. of course, i could point out that i grew up in real estate, that i have some passing knowledge of it, that we develop property, appraise convenience stores, commercial land, farms, shopping centers, and have built out and consult on commercial sites. there's more, but maybe you get the point. so, i'd love to talk about it, but Harry is one of those folks who think they know all about it. but, he can express his opinion, i'm just not required to teach him!
ask any commecial realtor worth his or her salt, and they will tell you the same thing; prime sites are worth it, because they have the flow. any retail (gvien the zoning), put in that spot will succeed, and if it doesn't, it won't be the location's fault. so, in any town or city, there will be the spots that command the highest prices, due to traffic count and flow, ease of ingress and exit, etc. Regardless of a lease or sale, its the prime locations on the busy highways, that command the value. how do i know those sites closing are prime? at its peak Blockbuster had somewhere around 6000 locations i believe. a report i read once said of those, 1500 stores did 80% of the business. large retail chains do x sales, and have x % gross profit on sales. so, the 1500 were the best locations. they are more profitable because the do more gross. why do they do more gross volume? because those were the best commercial retail sites. now, DISH is paring down to only 500 stores. So they now are closing prime location sites. So, they initially took only the best, and cut the fat away. now they are closing a goodly number of the best sites. why? it cannot be for the reason they give, because the prime sites MUST be profitable, otherwise they would not be prime locations.
"Any retailer in a prime spot will succeed, and if it doesn't..."
You realize that these two statements contradict each other? If any retailer in a prime spot will succeed, as you stated, how could it then not succeed?
"how do i know those sites closing are prime? at its peak Blockbuster had somewhere around 6000 locations i believe. a report i read once said of those, 1500 stores did 80% of the business. large retail chains do x sales, and have x % gross profit on sales. so, the 1500 were the best locations....now, DISH is paring down to only 500 stores. So they now are closing prime location sites...now they are closing a goodly number of the best sites. why? it cannot be for the reason they give, because the prime sites MUST be profitable, otherwise they would not be prime locations."
You are basing your assumptions on old data. The fact remains that you do not know which locations are closing because it was not reported. You also do not know if those locations were profitable or not. How could you, you do not even know where they are? You are merely assuming that they must be prime locations, because of something you read years ago, and that if they are prime then that must mean they are profitable. This is a downright stupid conclusion, especially given your above statement "and if it doesn't."
Your own statement contradicts your conclusion.
why the store closures? not for 1 minute do i believe the 300 closings are due to poor performance; those sites are primo, and any retailer there is guaranteed of flow. so why? i think they're going to make the stores into sat connected movie terminals. plus the selling of phones. you go there, buy a phone or memory stick, select the movies and also get them there. the stores will be the first test of how the system works. doing it with 500 sites will be ambitious, i'm surprised they will tackle that many.
"those sites are primo"
Jerry, what sites would those be? You do realize that those sites were not listed, right?
"The company will continue to operate about 500 stores in the United States, said Hall, who did not identify the locations of the stores slated for closure."
So again, Jerry, I ask you what are those sites that you are referring to?
(snipped from dishuser hopper)
"•Developer EchoStar turned the “XiP813” over to Dish Network in Nov 2011
•3 HD satellite tuners, the third can be set to record the 4 major networks in prime time (by capturing the whole transponder)
•No OTA tuner but a USB tuner (2?) can be added to be shared with any of the Hopper/Joey boxes on your network (future)
•768 MB RAM, 64 MB flash memory
will support up to 3 Joey “client modules” on a video network over the home's existing RG6 or RG59 coax or Ethernet, plus 1 HDTV directly.
So, look at that usb port (to be used in the future for over the air?! not! its to be used for the phone connection! ) i suspect the real fear is that with this device, one could simple loan rented movies from a kiosk hot spot and take it home (or use a memory stick), and simply plug it into the hopper. from there you can watch it on any tv in the house, or pc, whenever you want. So here it is folks, the device that i've been predicting. It is the connection that the phone will dock into. Just to reiterate and remind: our company has the Trust and the IP necessary for the 'pipe' into the phone. So a final acquisition of the debtor will be necessary to implement the mobile video plan.
my amateur opinion is that there can be no dismissal, given our situation. w/o a por the court would be justified in conversion to 7 and liquidating the cash. my current understanding is that dismissal is only justified when costs to liquidate make it an untenable choice, then they just sort of give up and dismiss. also, if it was dismissed and then some sort of M&A occurred, there could be grounds to sue to stop it.
HOTSPUR..i was reading this on yahoos page along with alot of other BRIEF NEWS ON BLOCKBUSTER...
THESE WERE FROM CNN..JOHN HALL DISH SPOKESMAN..BELOW..how can the shares till be trading & all the money was down to nothing & he makes these comments...1 way or another we will get an answer. read...
The company will continue to operate about 500 stores in the United States, said Hall, who did not identify the locations of the stores slated for closure. He said some stores are being closed as their leases end, while others are being closed for under-performing.
JOHN HALL..DISH SPOKE PERSON
"We continue to see value in the Blockbuster brand and we will continue to analyze store level profitability and -- as we have in the past -- close unprofitable stores," said Hall, in an email to CNNMoney.
BTW great match sunday, @ whl...we deserved all 3 points...if de gea wouldnt have been standing on his head to make 4 or 5 stops/blocks we woulda has 3 or 4 more..we need another striker....
Sentiment: Strong Buy