August 05, 2004
Like Netflix, but without all those pesky movies...
The other morning I heard radio commercial for a company called gameznflix, a Netflix-like site that rents both DVDs and Video Games via mail. I've been dying for Netflix to add games to their service, so I was really interested to hear that there was a company who finally went and did it. So I checked them out a bit, and here's what I found:
While I praise them for the effort, I have the feeling the only thing this company might accomplish is to motivate Netflix to add games and put them out of business right quick.
Here's a little chart of their stock performance in July:
Lookin' good! Looks like a waterslide doesn't it? Waterslides are fun!
Basically, the company is doomed.
So of course, I went ahead and did the only sane thing: I bought stock in them. I had some cash in my Etrade account, and since that's not real money, I bought as many shares as possible for $100. I haven't mentioned this to my wife yet, so let's just keep this between us, shall we?
Actually, I think if this company gets their act together (hopefully by Christmas) they could have a success on their hands. I think there's a pretty high percentage of Netflix users who also play a lot of video games. Or maybe they'll even get bought out. Probably not, but for $100, I'll take that bet.Posted by Kevin at August 5, 2004 06:36 PM