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Strategies & Market Trends : Value Investing
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To: Bigpoppabass who wrote (1902)9/13/1997 11:44:00 PM
From: Michael Burry   of 78751
 
<<Does anyone think the Video Tape Rental Industry will survive?>>

*Disclaimer: I'm not an expert on this.*

In a word, no. As information technology, digital satellite TV, the merger of internet and the TV/cable, and all that takes place, videos will become obsolete IMO. My understanding is that Primestar and
its ilk already offer tons of entertainment plus top movies at $2/pop.
With increased competition (and it appears to be getting intense),
costs will drop. In ten years, where will our old vcr's and videotapes be? IMO, out of the spotlight. When the fundamentals
of an industry are threatened, I find it hard to invest in that
industry and sleep well at night.

Good Investing,
Mike
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