What is Blockbuster Thinking?

4/15 - "When Jim Keyes was hired as CEO of Blockbuster (BBI), it seemed to make sense. The former 7-11 exec knows the convenience industry, which would seem to help convert Blockbuster’s brick-and-mortar business into something that works...But trying to buy Circuit City (CC)? What’s he thinking?"

"Everybody always thinks they’re smarter than the next guy. Like the guys who thought they were smarter than Richard Thalheimer at Sharper Image (SHRP). (Failed.) Or the guys at CompUSA who bought TheGoodGuys. (Failed, taking the old CompUSA down with it.) Retail is littered with similar stories."

"Is Blockbuster director Carl Icahn the driving force behind the deal? Will Blockbuster become his vehicle to buy beaten-down retailers?...Maybe, just maybe, this tells us that Blockbuster on its own ain’t such a good business, after all."