Analyst: Blockbuster Burning Cash at ‘Alarming Rate’

Fri, May 14, 2010

Blockbuster/NCR

Analyst Michael Pachter with Wedbush Morgan Securities in Los Angeles May 14 said the Dallas-based DVD rental icon has painted itself into corner burdened by a massive ($920 million) debt load (much of it inherited) and striking short- sighted … The longtime Blockbuster analyst, who also covers rivals Netflix and Redbox, said the company has increasingly put its fortunes on the success partner NCR Corp. has financing and rolling out 10000 Blockbuster Express kiosks , …

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Analyst: Blockbuster Burning Cash at 'Alarming Rate …

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