On a day Kodak shares dropped more than 10 percent, the “Fast Money” pros looked at who else might be “buggy-whipped.”
The term refers to the bygone industry of buggy whip manufacturers, which vanished as the horse and buggy gave way to the automobile.
The following was not meant to be a discussion about any company’s financial performance.
Here are the “Fast Money” experts’ predictions about obsolescence for products, services and technologies.
Jon Najarian: Hard disk drives
“Everybody’s been moving to flash ever since Apple really showed you exactly what can be done there,” he said, noting he liked Fusion-IO. “That is the direction people are going — not hard disk drives.”
Brian Kelly: Barnes & Noble, GameStop and SodaStream
BKS: “As they split off the Nook, I’m not sure what they have left.”
GME: “To me, it’s very similar to Barnes & Noble and Blockbuster. As more things go online and you download more games, the idea of a GameStop where you trade your old game in, you just don’t need it anymore.”
SODA: “I think it’s going to go the way of the Sno-Cone machine.”
Joe Terranova: Wendy’s
“Secular headwind that has not been removed since 2004. Same-store sales, they haven’t grown above 1 percent,” he said. “They controlled the high end for a while. They had that little niche versus McDonald’s and Burger King. They’ve now lost that.”
Tim Seymour: Live Nation
“There’s no reason for them to have this ‘disservice’ charge that they pass on to people,” he said. “It’s manhandling, and Ticketmaster is not needed by the artists. The artists hate Ticketmaster more than we do, and Live Nation has relied upon that for a revenue stranglehold that I don’t think they’re going to keep.”
Scott Nations: Microsoft
“If you don’t need a PC, if you don’t have a PC, then you don’t need anything from Microsoft,” he said.
Dennis Gartman: Newspapers and magazines
Except maybe for the Wall Street Journal, the Financial Times and maybe the Los Angeles Times and “one in Moscow,” Gartman was bearish on print media. “They’re going to go the way of all flesh,” he said, explaining, “It means you’re going to die, from dust to dust.”
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Trader disclosure: On Jan. 5, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns APC; Terranova owns OXY; Terranova owns XOM; Terranova owns VRTS; Terranova owns IBM; Terranova owns CSCO; Terranova owns AXP; Terranova owns SBUX; Terranova owns CSX; Terranova owns SWN; Terranova owns AXP; Najarian is long call spreads AAPL; Najarian is long call spreads BAC; Najarian is long call spreads C; Najarian is long call spreads JPM; Najarian is long call spreads ORCL; Najarian is long call spreads DNDN; Najarian is long call spreads PNC; Najarian is long call spreads FDO; Najarian is long call spreads DLTR; Najarian is long call spreads DG
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