I understand from reading today that Blockbuster is closing many of it's stores today, around 7,000 stores. Question, now that netflix has eliminated it's number one competition (blockbuster video) will the stock go up further? thoughts? Or will blockbuster video go the route of mail order and attempt to compete head to head? Or will blockbuster go bellyup resulting in no competition for netflix?
No Competition? LOL...Redbox, Swaptree.com, Walmart, HBO etc, cable companies, on line streaming...etc...etc. The truth is getting a dvd by mail will not even be around in the next 2 to 3 years. Take those blindfolds off fellas.