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Originally Posted by DrPhil
Don't attempt to cash that check. A lot of things that we think are common observation and knowledge are not.  |
Touche.
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I don't really know Blockbuster's financial situation but I always guessed that they are struggling because of the economy, Netflix, Redbox, the Internet, and OnDemand channels. At the same time, I don't have the inside scoop of what Blockbuster is doing to buffer the effects of these things. They certainly aren't the first or last company to have to tackle such issues--other companies have survived. I know people who still go to Blockbuster because Redbox and OnDemand really suck sometimes. That may or may not represent a larger trend.
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I think I may have come off a little cold because I do know BBV's financial situation. It's been on a steady decline for years because, as I stated earlier, the company had a "too big to fail" mentality.
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