Blockbuster next to go under?
Good.
Blockbuster says it may file for bankruptcy; shares plunge
SAN FRANCISCO (MarketWatch) – Blockbuster Inc. shares plunged further into penny-stock territory Wednesday after the struggling home-video-rental company said in a regulatory filing that it will likely file for bankruptcy if it’s unable to address its debt load.
Because of its losses and “the increasingly competitive industry conditions,” the company sees “substantial doubt about our ability to continue as a going concern,” according to the company’s filing. </em>
