Blockbuster Inc.: Right Back to 64 Cents

Blockbuster

Blockbuster Inc. (NYSE:BBI) shares are right back to 64 Cents and dropping after-hours, the Street is not pleased with the company's latest outlook.  Tomorrow shares could get even 'cheaper'.

nyse:bbiBlockbuster (BBI) adjusts expected EBITDA for 2009 to $195 to $205 million which comes out to a net loss of $183 to $193 million.  Consumers and Wall Street are not "being kind" to ol' Blockbuster despite their latest advertising and increased inventory efforts.

Blockbuster shares have traded from 13 Cents to $1.56 over the past 12 months.  After-hours shares are down 12% to 13% and trading between 62 to 64 Cents.  When trading begins Thursday its going to be ugly.

 

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