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abnpayne

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abnpayne

Re: $heff post# 72877

Tuesday, 03/10/2009 9:23:06 PM

Tuesday, March 10, 2009 9:23:06 PM

Post# of 137481
BBI Bounce tomorrow?

(BBI) Blockbuster Begging-WSJ Article
http://online.wsj.com/article/SB123673119091789661.html

MARCH 10, 2009, 8:30 P.M. ET

Movie-rental chain Blockbuster Inc. sent letters to its landlords around the country in January saying that company real-estate representatives would be in touch. "It is imperative that you respond to their call expeditiously and favorably," the letter reads. The topic: Blockbuster, struggling under a mountain of debt, wants rent reductions of as much as 30% and early lease terminations at thousands of its outlets.

Some landlords don't seem to be biting. Weingarten Realty Investors Inc., based in Houston, has 50 Blockbusters spread among its 323 U.S. shopping centers. "There's no way we're going to do that on any significant basis," ...

sry i don't have full article
http://online.wsj.com/article/SB123673119091789661.html

Read everyone's posts with caution and treat as...

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