Move with the Stock Market, Invest ahead of the Bull Clean Energy Fuels Corp (CLNE) as did Whole foods (WFMI) and could turn profits if you were in an out at the right time, but they couldnt hold on to there gains. Radian (RDN) waited for the bull to make some gains before following, like a dog behind his owner at about 175 pts. Poised for big gains ,we believe this boat is rocking and the tide is turning at least in the short term. Corrections, pullbacks, and Investoer confidence insight is just part of what we do. Look to (SDS) Short term, (AA), longer http://investorconfidence.blogspot.com/
I am not, nor have I advocated, nor do I own any of the common stock. I am playing this from the debt side. BB still pulled in nearly $1B in revenues for the quarter. That is more than Redbox and Netflix combined. But you are on to something with your secondary offering aka debt for equity stock swap proposal. The CEO just said they have several recap deals on the table and they will be making an announcement on this in June.
Delta, the stock dropped to .39 in after hours. If I try to sell as soon as the market opens tmrw, there will still be no way a trade will go through for .40-.49 correct? not sure if i should sell my shares in afterhours or wait until tmrw?
Icahn picked up alot of his shares in the $4-5 range back in 2007 or 2008 i believe. He lost about 100 million dollars with this one or about 1% of his net worth. I'm not sure if this is a good or bad thing for blockbuster. To me Ichan is one of the worlds greatest con men. If he is getting out, it means he couldnt steal anything from BBI. Or It might just be he thought his money was better spent somewhere else. We all know BBI will never see $10 again. If they pull out of this, maybe BBI might see $5-8, but dont think they are ever going to $30 again because they arent with the kind of competition and how much BBI is shrinking right now. If Ichan is in at $4-5 per share, its not really worth the hassle for him to "get his money back" and the loss will just offset his gains in his casino ventures. Look at it this way...his stock sales grossed him about 10 million dollars and 10 million now is better than a "chance" at 100 million later. The guy makes his money by putting the odds in his favor by controling the situation or the people in control. He obviously didnt have the control in BBI that he wanted, so he took whatever he had left and ran. The guy isnt a billionaire because he gambles.
Icahn can actually do more now for blockbuster on the outside, than he could have on in the inside. See bottom page 2/ top of page 3. http://www.thewrap.com/article/blockbuster-ceo-predicts-come-back-were-rocky-10-16063?page=2
You are in a pinch there for sure unfortunately. No clue to tell how the stock will open tomorrow especially the way the media is putting a negative spin on everything with cash flow and FCF, etc. Street was hoping they would break even, but allot of their strategies and changes wont fully hit bottom line til end Q2. Everyone is anti-blockbuster and loving it these days. As I have said before, buying the common stock here with a possible debt for equity swap in the mix is about as risky as it gets. Take whatever level of pain you can handle and then cut your losses mate. Meanwhile in after hours, someone was buying $1M blocks of the bonds hands over fist.
Im not just thinking it, this says it all!!!! While Blockbuster could benefit from the closure of rival video rental chain Movie Gallery, it got no relief in Q1, as the company swung to a $65.4 million net loss from a $27 million profit the year before. Itâs clear that the strategy against more nimble rivals like the mail-order and download business of Netflix (NSDQ: NFLX) and Redbox kiosks are taking customers away from the brick-and-mortar based Blockbuster (NYSE: BBI). For now, the best Blockbuster can do is play catch-up. The company has been talking up its alliance with NCR in running 4,000 kiosks, and is increasingly experimenting with downloads, as a way of saying it finally gets where the business is headed. But those efforts will do little to help it make a dent in its huge debt, which has pushed it to the brink of bankruptcy.
Blockbuster is going to file for bankruptcy, first thing is first, close every damn store front they have immediately, there is ZERO reason to keep them open at this time. They are too late to the kiosk game, near me all there are redbox and dvdexpress kiosks everywhere!!!!!!!!!!!!!!!
well... i haven't been inside a blockbuster store in i don't know how many years... and all i remember from the stores was that you paid $3 or something for a movie and returned it late to pay a fee of $10... so basically you could just buy the thing... i use netflix and redbox.... more netflix since i am very very lazy.... blockbuster isnt worth the land its sitting on : ( .... oh the stock... right ... well i think the company is terrible and has competition from every single possible place you could imagine... so would i buy this thing hoping its the next SIRI.... NO .... because even SIRI was a terrible idea.... why pay for stuff thats free in the first place : ) (335i