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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (1904)	9/8/1997 9:54:00 PM
From: Bigpoppabass	of 78958

Sorry about the last thank you letter that provided little info. WCEC owns particular segments, such as Videosmith in Boston, which have always been around and has done well against Blockbuster. I suggest you write WCEC to get an info. packet. They seem to have a decent game plan. After speaking to a manager at the local Videosmith, I asked him about Blockbuster and its troubles. His reply was that Blockbuster's enormous size prevents it from evolving with the local niche for particular movies. I might add that he was critical of WCEC's management, which he believed did not give enough power to the local store managers to purchase the movies that will rent. Of course, you now understand why Hollywood wants to keep these rental stores operating, so that they can play around with the movies they push to the rental companies. It looks like some kind of accounting thing at work here. For what its worth, WCEC had a huge volume trading last week but the stock moved little. It looked like a huge block exchanged hands, since one day last week over a million shares changed hands on little news, and the stock usually trades on a volume of a couple thousand shares per day.

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