Blockbuster Inc (BBI) Stock
Tuesday, March 23rd, 2010The prospect of being one of the top 50 gainers on the NYSE is a shareholder’s dream, and those who invested in Blockbuster Inc (BBI) stock will be happy to hear that their Blockbuster Inc shares have made them a lot of money in the latest session of trading.
Blockbuster Inc
The Blockbuster Inc price currently stands at $0.34 – signifying a 0.03 increase over the previous day’s trading. The Blockbuster Inc (BBI) stock price increased by 8.0%, which officially qualified it as one of the day’s top 50 highest % increases among companies listed in the NYSE. The Blockbuster Inc shares also traded at a higher volume than they are generally accustomed to, with a total volume equaling 2787755 during the previous trading day.
If you happened to be one of the few who were actively trading BBI before the big Blockbuster Inc news hit, then hopefully you were on the right side of the exchange. If not, then there’s always going to be other winners in the NYSE, so as long as you have keen eye for picking out big risers!
What do you think of the Blockbuster Inc (BBI) stock price increase? Was it warranted, or is a 8.0% increase an overestimation of Blockbuster Inc’s value?
Nomo Blockbuster says:
March 23rd, 2010
2:46 am
It is asinine for an irrelevant company like Blockbuster to still be showing signs of increased stock price. Need I remind all of the shareholders that Blockbuster’s balance sheet shows a stockholders’ DEFICIT section, not equity. In lay terms, that means the shareholders actually OWE on their investment.
Blockbuster is in danger of filing for bankruptcy and any company that comes to a refinancing agreement with Blockbuster should be put out of business as well. CEO Jim Keyes says Blockbuster is in a similar position as it was around this time last year and that bankruptcy rumors should not be taken seriously. Does this guy think we are all fools? What he failed to disclose was that the company’s debt increased by roughly 25% and sales decreased by more than that.
So how exactly does Blockbuster intend to pony up the dough? The answer is there is no plan! Blockbuster has not had a plan for anything for years now and is just along for the ride to find out just how much more money Blockbuster can squeeze out of customers’ pockets. The Blockbuster brand is associated with inconvenience, overcharging and rudeness. Why keep a company like that around another minute?