JT's Blog

So I got this direct mail today from Blockbuster Video, promoting some “New Deal”.

I think Blockbuster is horrible.

It’s not something they’ve ever done to me, I’ve probably rented videos from them less than 10 times in my life.  The reason I hate Blockbuster is because it’s a company whose annual cash flow has historically depended heavily on late fees and penalties.  In other words, this company’s business model is fundamentally predatory and dare I say usurious when you consider how a few days of late fees cost more than buying the damn movie.

I’m tickled silly that Netflix has beat the living snot out of blockbuster with an innovative and consumer friendly business model.  In fact, check it out OnLine: NFLX is soaring and Blockbuster is in the crapper.  Yes, it really stinks for the people who will be out of work once blockbuster takes its last gasp, but something tells me that working there doesn’t make for a career path with growth potential.  If only money could be made shorting the few pennies left in blockbuster stock.

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If you live in New York State, whomever your state senator is, you need to vote for the person who runs against the incumbent at the next election. The only way these morons will learn that their irresponsible partisanship and poor judgment is unacceptable is if they lose their seats as a result of their behavior.

Subject: Investment advice even I understand!

• If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.

• With Enron, you would have $16.50 left.

• With World Com, you would have less than $5 left.

• But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling, the REFUND would have been $214.

Based on the above, the best current investment advice is to drink heavily and recycle.

It’s called the 401-Keg…..

So, while driving to work this morning, I saw this jackass, driving his Audi station wagon while playing his trumpet in the Holland Tunnel, and later on the Pulaski Syway.

No wonder there are “accidents.”