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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: CFA who wrote (13798)	8/10/2005 2:30:24 PM
From: CFA	Read Replies (1) \| Respond to of 13815

<<I loaded up in the low $7s today. Barring a severe market meltdown, I don't see BBI going lower than $6. I'm looking for $10+ within 12 months.>> Loaded up even more today in the $6.50s and will continue adding on weakness. Keep in mind that Hollywood Video attracted multiple cash bidders for its business and ultimately sold for $1.2 Billion in cash. If Hollywood Video was worth $1.2 Billion, then what's Blockbuster's value, considering that Blockbuster is the market leader, generates more than twice Hollywood's revenues, and has an Online division with over 1 Million subscribers? Icahn thought Blockbuster was undervalued at $9/share and could justify a $9/share price being run for cash.