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Blockbuster dying

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(Update 13Nov09) BBI released not so good earning report (Reuters). One interesting point is they are going to spend $10,000 to $20,000 to renovate the stores (about 1,700).

(Original) Note I am saying “dying”, not “death”. This also does not demonstrate all the hard work of men and women at Blockbuster, from corporate to stores, note I am merely talking about the trend of a business. Full disclosure: I do have a small long position on Blockbuster common stock (NYSE:BBI).

Two points:

First, stock and company are two things, Blockbuster dying does not equal to Blockbuster stock BBI goes to zero immediately. Example: The Motors Liquidation Company (formerly General Motors, MTLQQ.PK). Last I checked, their worthless stock is still trading at 65 cents.