Blockbuster, Inc. (BBI)

S&P 500: 1,282.82
Change: -1.37%

CAPS Rating:

The Company is a global provider of in-home rental and retail movie and game entertainment, with over 8,000 stores in the United States, its territories and 22 other countries.

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Avatar TMFBreakerDave (99.06) Submitted: 4/12/06 8:36 AM : Start Price: $4.40 BBI Score: 45.47

This has been a magical Underperform call for me in quite a while. In the prototype alpha of this application started in the fall of 2004, I went short BBI because I truly believed that Netflix could and would eat its lunch. Fast forward almost two years and BBI is down from my initial call of Underperform @ $10.20 to its present perch in the mid-$4 region. I'd leave that short right in there.

I can't think of BBI and not still look back wistfully on MOVI -- Movie Gallery -- a poor man's Blockbuster and an even weaker stock. That stock scored me my first 100+ as an UNDERPERFORM -- a rare feat but possible. MOVI went from my 4/26/2005 Underperform call at $28.69, briefly flirted with the mid-$30's and resoundingly crashed down to a recent price of $2 and change. A 91% decline vs. the market's 10% rise -- there's your 100+ Score. Go (down) BBI.

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