Blockbuster -- Prepare for Shrapnel

George | Fri, 11/13/2009 - 4:31pm | BBI, BBI earnings, Blockbuster, earnings announcements | 4 comments

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Blockbuster (BBI) gives every appearance of dead man walking. The latest earnings release celebrates their refinancing which was done at loan shark rates. Can they make the vig regularly. In the first nine months they could not break $2 Billion. The arithmetic is all wrong. So when it explodes what kind of financial shrapnel should we expect?
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› George

Gender: male Industry: Communications / Media Occupation: Financial Writer About Me

George Gutowski has over twenty years of financial and investor relations experience.He observes how companies explain themselves and at times confuse the marketplace. George wrote the book "Financial Self Defense for Investors" a self defense primer for investors who do not want to be cheated. ISBN 1-894663-94-2

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Blockbuster -- Prepare for Shrapnel

George | Fri, 11/13/2009 - 4:31pm | BBI, BBI earnings, Blockbuster, earnings announcements | 4 comments

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