TheStreet.com RealMoney

Blockbuster's Set to Bust a Move Higher

By Jim Cramer

 About this article:
 The turn at Blockbuster is so obvious that even the CEO is buying into it. When I see that John Antioco bought 220,000 shares in the open market, I say, "That's not a painting of the tape. I think he's buying to make money." The negatives on this stock are so overdone that sometimes I wonder if people even realize all of the things that Blockbuster is to people, particularly to those who want movies now. I subscribe to Netflix and use Comcast on Demand, yet I still end up going to Blockbuster every weekend for games or scary movies for my kids. I know millions of people do the same thing. These are fixtures in the community that simply have run out of competition. This is a last-man-standing play, and it fits in perfectly as a speculation stock for any portfolio. Don't get me wrong, I love the Netflix...

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