Oxford, MS 4/8/2011 (Penny PayDay) -- Growing up, everybody was familiar with family movie night. For me it was piling in the car, having to strap siblings into car seats, driving fifteen miles just to go inside the Blockbuster in town to find that the new releases had already been checked out. With the world we live in today, just about everyone I know has a gaming system with Netflix or has a local Redbox. These systems are easy to use and are over all cheaper to use. According to an article I read on Yahoo Finance, Blockbuster has been foreseen to be a company that will not make it too 2012. If you look up the stock price for this company I’m positive you will agree. As of right now the last close was $0.06 and the one year estimate is $0.15. The 52-week range is $0.04-$0.60.
Netflix has a day range of $231.03-$236.47.It also has a 52-week range of $79.20-$248.88. With this comparison it is easy for anyone to see that Blockbuster is indeed losing the battle of movie rentals, in my humble opinion.
Redbox allows users to use a credit card to rent movies for $1 each for a night. For college students, this is the best answer. Not to mention that with the rise in gaming systems you can now watch movies online through your TV. With all of the new developments in technology, why use blockbuster?
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