I recognized years ago that Blockbuster was a sinking ship. Even though everyone I knew went there, everyone I knew also hated them. Late fees, censorship, smarmy employees, high prices.
They've been on the way down for years due in no small part to netflix ... At this point, for people who are not into Netflix, is there any advantage to Blockbuster over Coinstar's Redbox machines? I don't think so.
I expect BBI to declare bankruptcy by the end of summer and if you sell this stock short now, you stand to make a nice chunk of change. Taking advantage today of an inexplicable 10% pop up (well its only 3 cents but still 10%).