Interesting that they give some estimated subscriber numbers for Walmart & FilmCaddy (AKA Blockbuster). 175K & 50K, resp.
Amazon is a threat because they are a proven on-line company. Are there any B&M companies that have established a serious on-line presence? I'm sure that if it had existed, Yahoo's MSFT board would have been buzzing about its immenent demise when IBM decided to compete against Windows with OS/2. Talk about a company with deep pockets & proven record of destroying the competition. (I'm talking about IBM.)
a fairy tale:
the sleepy giant got cocky n thought he could continue abusing people with his late fees n poor selection. People got mad at him but had no other choice but to rent from him. Until one day a little guy came to town offering this people a better deal, rent as much as u want on a fixed price and no more late fees ( plus saving gas, hassels, no finding what u want etc ). The little guy grew n grew, n when the sleepy giant woke up he was no longer the big bully in the block n most important... he was all alone =)
then they kicked the crap out of him for all he had done.
>>seems a bit hard headed and no matter what proof is presented
#1 rule in investing - don't fall in love with a stock.
My favorite post that gets repeated time after time by longs has been "wait until earings, it'll go up." Do they think the stock will go up forever? If it had a market cap of $20 billion would they continue to say the same thing?
An old saying is "Valuation doesn't matter until it matters" And it will matter. It's only a question of when?
Chapel is having a bad day, but as others have posted he seems a bit hard headed and no matter what proof is presented, sticks by his beloved Netflix. Which, as a service may be fine (the jury is still out), but as a stock has been pointed out time after time as overpriced.
>>BBI is dying. All facts point to that, no big secret. There's little chance BBI will get out of this one alive.
What's more dangerous, a fat and happy BBI or one that is fighting for its life?
I'd guess the second - BBI will not take any reduction of market share lightly.
Don't wake the sleeping giant - oh yeah, it's too late.
BBI is dying. All facts point to that, no big secret. There's little chance BBI will get out of this one alive.
and WMT is busy in other more important things than dvd rentals.
the real enemy is AMZN folks.
>>Maybe a merger between the two?
Highly doubt it. What NFLX brings is its audience, which IMDB already has.
More significantly, why would AMZN pay the current price tag when it could replicate the service for 1/10th the market price?