One man's loss is another man's gain -- and when it comes to business, some investors can profit from others' failure.
Video-rental chain Blockbuster (NYSE: BBI) has been locked in a high-profile, life-and-death struggle against online video-rental outfit Netflix (Nasdaq: NFLX), with each seemingly trying to top the other. In most contests, Netflix has come out on top.
Just the other day, however, Blockbuster garnered some positive press from the news that its new Total Access plan to let customers rent movies online, then return those films at one of its bricks-and-mortar locations, helped the company reach the 2.2 million-customer mark.
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They need to move into the online market if they want to survive..