Blockbuster Inc. Shares Jump 10% (BBI)

Blockbuster

Blockbuster Inc. (NYSE:BBI) shares are up 10% today and are finally back above 80 cents a share thanks to the company eliminating the final $24 million of certain letters.

Flotek Industries Almost Joins the Other Stocks Under $1 (BBI, RHIE, FTK)

Stocks under $1 (one dollar)

Bargain shoppers are always searching for quality stocks under a buck that aren't just another Penny Stock and Flotek Industries, Inc. (NYSE:FTK) came within 2 cents of hitting $1 even on Friday.  Joining the ranks of PokerTek Inc. (NASDAQ:PTEK) and Blockbuster Inc. (NYSE:BBI) now trading under one dollar.

Stocks Under $1: Blockbuster, RHI Entertainment, PokerTek (BBI, PTEK, RHIE)

U.S. Dollar - Weak Dollar

What do RHI Entertainment (NASDAQ:RHIE), PokerTek Inc. (NASDAQ:PTEK) and Blockbuster Inc. (NYSE:BBI) have in common?  All three companies' shares are now trading under $1, in fact they are in the 70 Cent range.  Are these stocks just waiting to become Penny Stocks or is there any hope for a major comeback?

Blockbuster Inc. Becomes a Penny Stock (BBI)

Blockbuster

Blockbuster Inc. (NYSE:BBI) shares are down 8% today and now trading for 75 cents.  In the last 5 years Blockbuster has lost its business to Netflix (NASDAQ:NFLX) and its stock has dropped 91%.  Consumers are done with the be-kind rewind days and Wall Street is losing its love for BBI shares.

TodayTrader.com - Sept 14th Trading

Embedded Video: 

Everything Goes Wrong with Blockbuster, 68 Cents per Share After-Hours

Blockbuster

There's bad conference calls, then there's downright horrible Blockbuster Inc. (NYSE:BBI) just reported U.S. same-store sales fell 18%, revenue decreased 22% to $1.02 billion, they posted a loss of $39.7 million, or 21 cents a share, and last but not least they lowered their 2009 guidance to a net loss of $15 million to net income of $5 million. Down the ship goes, BBI shares are now at 68 Cents.

Another Wattles Investment Vaporizing

Blockbuster

As god is my witness, if Mark Wattles ever buys shares in any company I own shares in, I am selling next day. Who is Mark Wattles you ask? More on that after the news.

Mark Wattles Favorite Part of a Book? Chapter 11

Blockbuster

This isn't the good news people might think it is. So, I was going through some old news and found this (I forgot to write about it the first time).

NetFlix Has 10 Million in Its Sights

Netflix

For those wondering. NetFlix (NASDAQ:NFLX) has officially rendered Blockbuster (NYSE:BBI) irrelevant. The only question left now is how long Blockbuster stays in business.

NetFlix: More Good News

Netflix

Oh yeah, Blockbuster (NYDSE:BBI) will officially never catch NetFlix (NASDAQ:NFLX).

Syndicate content

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details