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Posted on 03.17.10 by Thomas L. Knapp
“Blockbuster Inc. shares plunged further into penny-stock territory Wednesday after the struggling home-video-rental company said in a regulatory filing that it will likely file for bankruptcy if it’s unable to address its debt load. Shares of Blockbuster fell 12 cents, or 29%, to 28 cents a share. The company’s market capitalization now totals about $34 million, or just a fraction of its fourth-quarter revenue of $1 billion. The company reported an operating loss of $394 million in the period.” (03/17/10) Link: http://tinyurl.com/ybnonaf Filed under: RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |






