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Blockbuster Inc. Message Board

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  • netflix_got_blockbusted netflix_got_blockbusted Nov 16, 2005 12:38 PM Flag

    How this new offering works?

    Ultimately, the people who put up $150MM have far more access into BBI's strategy and finances than we do. And if these people had any fear of BK, they certainly wouldn't put risk their money for 7%.

    While people on the messageboards love to speculate about BK, it's just not a reality.

    At this point, BBI has far better credit terms and much more operating flexibility. Come this May, it's highly likely that Icahn will take over BBI. At that point, you'll likely see BB Online spun off and the stores run purely for cash. Icahn paid $9 for his initial 10% stake, and he obviously continues to see significant potential in BBI's cash generation potential.

 

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