Blockbuster CEO Departure an Opportunity to Buy
I disagree with pundits about Blockbuster (BBI) going down with the departure of their CEO by the end of 2007. He is not as good as people think. Total Access is hugely successful, but he took a long time before responding to the Netflix (NFLX) threat successfully. Shame on him for that. I think the company is finally doing things right and I like it here. Without him, it will be even better.
– Faisal Laljee
Full Disclosure: I do not own BBI but my position might change anytime without notice.
I am going to agree with you on this one. While Netflix may have wound up being successful anyways, if Blockbuster had taken them as a serious threat early on(which would have required some foresight and an understanding of consumer trends) they could have put a serious hamper on any inroads that Netflix has made in this industry up to this point.