(NYSE: BBI) Blockbuster, Inc. The best of the worst and how to make money here
With everyone carrying on about Netflix (NFLX) there seems to be a lot of support for Blockbuster (BBI) still on the Motley Fool. Personally, I have watched Blockbuster set a new 52 week low at .24 cents a share the last few weeks rise on speculation of what will happen next.
Rumors of bankruptcy and a reverse stock split to name a couple. I had a conversation about Blockbuster with plenty of you on Motley Fool about the company via these posts. If you bought 100 shares at .40 cents a share. Well, then you made money or should be at this point as it closed to day at $0.56 0.16 (+39.63%)
Now I did not buy shares at .40 cents a share. However, I did as of today. 141 shares as of 3pm this afternoon. I believe that Blockbuster is going in the right direction with its Kiosks and other core parts of its business. But the reason I bought them was not because of the Kiosks, it was because of the speculation outside of the company. I see more upside here before any reorganiztion. I see about another 10 to 15% move higher. So if you like taking huge risks for a small price. I say why not pick up a couple hundren shares. What the worst you will lose $100.00?? People lose more money than that to credit card fee's every year.