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Monday, September 14, 2009

BBI Blockbuster Up 10%

Blockbuster legged up on a quite day for Wall Street. The company has laid to rest most of its liquidity concerns.

"NEW YORK (AP) -- Shares of Blockbuster Inc. surged Monday after an analyst said the video rental company's decision to issue $340 million of senior notes should put to rest investor concerns about liquidity."

Now BBI Blockbuster can focus on competing with rivals Redbox, and NetFlix! I see this as a win for long term stakeholders of BBI!

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