North Bergen, New Jersey 2/25/2010 7:24:33 AM
News / Business

Blockbuster Hits Penny Stock Newsletters with great Fourth Quarter Losses.

Wall Street Grand LLC. Profiles Blockbuster Inc’s. Dismal 4Q

Blockbuster Inc. offers movies and video games for in-store rental, and sale and trade, as well as sells other entertainment-related merchandise. It also operates an online service that offers rental and sale of movies by mail and digital delivery, through blockbuster.com… Blockbuster Inc. trades on the “New York Stock Exchange” under the Stock Symbol”BBI”. For the Latest information regarding “BBI”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

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Blockbuster Inc. experienced a fourth-quarter loss of $435 million as its video rental stores resisted to draw consumers who are increasingly getting their movies through the mail, vending machines and high-speed Internet connections. The setback announced Wednesday stemmed from a dismal holiday season, usually one of Blockbuster's busiest times of the year.

The company, based in Dallas, boosted its ad spending in December in hopes of luring more customers into its stores, but the investment didn't pay off.


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