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$2.68 0.09 (3.47%)
7/23/2008 4:08 PM

Blockbuster, Inc. (BBI)

CAPS Rating:
*

The Company is a global provider of in-home rental and retail movie and game entertainment, with over 8,000 stores in the United States, its territories and 22 other countries.

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Avatar 2XHelix (39.84) Submitted: 5/16/08 12:40 PM : Outperform Start Price: $3.22 BBI Score: -7.02

Today, Citigroup’s Tony Wible raised the price target of BBI to $8.50, citing new business plan is starting to bear frut. BBI is not in their top 5 picks. Let's give it a try.

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Avatar budgallant (51.26) Submitted: 5/21/08 2:12 PM

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I believe in Blockbuster, but let's recognize that Citigroup is the last company they need giving them a rec... It's like the kiss of death. They can't stop their own stock from sinking to ever-increasing lows, losing 5% a day now...

With friends like Citigroup, who needs enemies?

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Avatar 2XHelix (39.84) Submitted: 5/22/08 4:37 PM

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I'm not necessarily certain that every analyst at Citi is as incompetent as upper mgmt. Even losing teams have all-stars in their midst. I think there is a reasonable chance they'll turn things around. We'll see. At least you established at a nicely low price, you'll do better, or less badly, than I. Cheers.

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