Tuesday, September 15, 2009

BBI All The Right Moves

In a move to improve their portfolio and focus on new segments Blockbuster is closing up to 960 unprofitable stores. Again we see Blockbuster continuing to make the right moves as it closes in on competitors RedBox, and NetFlix!

"Dallas-based Blockbuster (NYSE: BBI) said the store closings are part of its strategy to “focus on portfolio optimization” by shutting down unprofitable stores."

Please consult an investment adviser before making any securities purchase!

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