TITLE

Renting to buy

AUTHOR(S)
Bond, Paul
PUB. DATE
June 2006
SOURCE
Hollywood Reporter -- International Edition;6/13/2006, Vol. 394 Issue 41, p59
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on issues related to the financial performance of video rental companies in the U.S. This time a year ago, shares of Movie Gallery Inc. were at $32.87 and Blockbuster Inc. shares traded for $9.66. Monday they were at $6.71 and $4.69, respectively. That sort of underperformance, though, might mask the fact that both stocks have been on a tear recently. Blockbuster is up 27% so far this year and Movie Gallery shares are up 25%, placing both stocks among the Top 10 movers in The Hollywood Reporter/Bloomberg 50 Entertainment Stock Index.
ACCESSION #
21420929

 

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