blink_component_initial.ts

@Component({
  selector: 'blink',
  template: `<ng-content></ng-content>`
})
export class BlinkComponent implements OnInit {
  private element: Element;
  private blinker$: Observable<string>;

  constructor(private renderer: Renderer, elementRef: ElementRef) {
    this.element = elementRef.nativeElement;

    const show$ = Observable.timer(0, 1000);
    const hide$ = Observable.timer(750, 1000);

    this.blinker$ = Observable.merge(
      show$.mapTo('visible'),
      hide$.mapTo('hidden')
    );
  }

  private set visibility(value: string) {
    this.renderer.setElementStyle(this.element, 'visibility', value);
  }

  ngOnInit() {
    this.blinker$.subscribe((newVisiblity: string) => this.visibility = newVisiblity);
  }

}