Blockbuster Inc. as part of its
ongoing liquidity improvement initiatives, Blockbuster Inc., today announced
that it has reduced the face amount of certain letters of credit it maintains
on behalf of its former parent company, Viacom Inc., from $75 million to
approximately $25 million, paralleling a reduction in Viacom's exposure to
Blockbuster lease obligations.
StockEinstein.com offers free trading alerts on stocks about to run. To
sign up for our free alert service please click here www.stockeinstein.com
or scroll to bottom of this page to sign up.
Last Trade: 1.17
Trade Time: Sep 3
Change: 0.00 (0.00%)
Prev Close: 1.17
Open: N/A
Day's Range: N/A - N/A
52wk Range: 0.00 - 3.05
Volume: 0
Avg Vol (3m): 3,680,480
Market Cap: 227.10M
About Blockbuster Inc.
Blockbuster Inc. (Blockbuster) operates and franchises entertainment-related
stores in the United States and a number of other countries. The Company also
operates an online service offering rental and sale of movies delivered by mail
and digital delivery through blockbuster.com. During the fiscal year ended
January 4, 2009 (fiscal 2009), Blockbuster provided in-home rental and retail
movie and game entertainment, with over 7,400 stores in the United States, its
territories and 20 other countries. The Company operates through two segments:
Domestic and International. The domestic segment consisted of all United States
store operations and by mail subscription service operations, including the
digital delivery of movies through blockbuster.com. The international segment
consisted of all non-United States store operations, including operations in
Europe, Latin America, Australia, Canada, Mexico and Asia.
StockEinstein.com uses proprietary technologies coupled with years
of experience to uncover stocks we feel have the greatest potential for
breakout performance. We utilize not only software, but time tested
criteria to uncover these potential winners. When these benchmarks are
reached or exceeded, our subscribers are immediately notified.
This service is free and available only to subscribers. Scroll down this page or visit our site to
join our free newsletter and begin receiving daily stock alerts.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release,
email or website unless you can afford the loss of your entire
investment. Stocks and particularly penny stocks have the possibility for
dramatic gains, and also losses. Neither StockEinstein, nor any of its
affiliates are registered investment advisors or broker dealers.
