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Blockbuster May File For Bankruptcy If Unable To Address Debt Load (BBI)Mar 17, 2010 (SmarTrend News Watch via COMTEX) -- 3/17/2010- Blockbuster Inc. (NYSE:BBI) said in a regulatory filing that the company will likely file for bankruptcy if it is unable to address its debt load. Due to the 2009 operating loss that the company reported and increasingly competitive industry conditions, Blockbuster sees "substantial doubt about [their] ability to continue as a going concern," according to the filing. A Reuters report stated that Blockbuster's overall debt totals $1 billion. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup [ Back To TMCnet.com's Homepage ] |