Research Recap - 17:12 ET Mar 18, 2010Blockbuster, Inc. (BBI)
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Charles Wolf
at
Needham & Company"Given the deteriorating operating performance, Fitch expects credit metrics will continue to weaken in 2010." However, Fitch believes
Blockbuster maintains adequate liquidity to make its , 2010 debt payment of $43 million. Gimme Credit analyst Kim Noland doubts that
Blockbuster will be able to cut its underperforming stores fast enough to withstand a falling sales pattern.(
Forbes ) "The inroads into its business by competitors bode very ill for its long term health," says Noland. "We have been critical of the in store business model for a long time," she adds. A voluntary bankruptcy, while painful, may be its only way out, Needham analyst Charles Wolf says ( TheStreet ).
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"Given the deteriorating operating performance, Fitch expects credit metrics will continue to weaken in 2010." However, Fitch believes <span class="company">Blockbuster</span> maintains adequate liquidity to make its , 2010 debt payment of $43 million. Gimme Credit analyst Kim Noland doubts that <span class="company">Blockbuster</span> will be able to cut its underperforming stores fast enough to withstand a falling sales pattern.(<span class="sent"> Forbes ) "The inroads into its business by competitors bode very ill for its long term health," says Noland. "We have been critical of the in store business model for a long time," she adds. A voluntary bankruptcy, while painful, may be its only way out, Needham analyst <span class="analyst">Charles Wolf</span> says ( TheStreet ).</span>..."Given the deteriorating operating performance, Fitch expects credit metrics will continue to weaken in 2010." However, Fitch believes <span class="company">Blockbuster</span> maintains adequate liquidity to make its , 2010 debt payment of $43 million. Gimme Credit analyst Kim Noland doubts that <span class="company">Blockbuster</span> will be able to cut its underperforming stores fast enough to withstand a falling sales pattern.(<span class="sent"> Forbes ) "The inroads into its business by competitors bode very ill for its long term health," says Noland. "We have been critical of the in store business model for a long time," she adds. A vol
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