DALLAS, Feb. 24, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Blockbuster Inc. (Pink Sheets:BLOAQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Blockbuster Inc. (BLOAQ) is a global provider of rental and retail movie and game entertainment. The Company provides customers with convenient access to media entertainment anywhere, any way they want it - whether in-store, by-mail, through vending kiosks or digitally to their homes and mobile devices. With a highly recognized brand and a library of more than 125,000 movie and game titles, the Company leverages its multichannel presence to serve nearly 47 million global customers annually.
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In the report, the analyst notes:
"The Dallas-based movie rental chain has recently initiated the process to sell itself out of bankruptcy and signed an agreement with "stalking horse" bidder Cobalt Video Holdco. The Company has also filed a motion seeking authorization from the U.S. Bankruptcy Court for the Southern District of New York to conduct an auction process for the Company."
"BLOAQ is trading above its 20-day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock."
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