Wednesday, February 02, 2005

This movie is not over yet!

Blockbuster made another higher offer in the ongoing bidding war over Hollywood Video (HLYW). The new offer is at $14.5/share, compared to the earlier offer of $13.25/share from Movie Gallery.

I think Blockbuster has now reached a point where it is better off buying Netflix (NFLX) with that money, instead of buying just some brick and mortar stores.

This new offer is (finally!) above my average cost per share of $13.8.


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