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  #11  
Unread February 2nd, 2008, 10:18 PM
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The Hollywood down the road from my store apparently got "the red flag" according to a couple of employees I talked to. I told them we'd be hiring

Good riddance.
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  #12  
Unread February 4th, 2008, 01:21 PM
NetflixInvestor NetflixInvestor is offline
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About time

What we've all been waiting for... 400 stores..

http://biz.yahoo.com/prnews/080204/nym138.html?.v=96
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  #13  
Unread February 4th, 2008, 02:27 PM
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What we've all been waiting for... 400 stores..

http://biz.yahoo.com/prnews/080204/nym138.html?.v=96
This is NOT enough...I think there will be a Phase 3 closing
  #14  
Unread February 4th, 2008, 02:38 PM
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This is NOT enough...I think there will be a Phase 3 closing
Do you really think they will even survive
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  #15  
Unread February 4th, 2008, 03:54 PM
NetflixInvestor NetflixInvestor is offline
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And here is the list of closing stores for your edification:

http://www.kccllc.net/documents/0733...0000000013.pdf

I have not seen anything that clearly states there is a phase 3, but I do realize the MG employees were told that was the original plan.
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  #16  
Unread February 5th, 2008, 09:05 AM
NetflixInvestor NetflixInvestor is offline
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MG has successfully won an extension of the time they can reject leases until May 13th (from Feb 13th).

http://www.kccllc.net/documents/0733...0000000001.pdf

Of course they would only be fighting for this if they had more leases to reject.

Also, they have filed an operational forecast that essentially has them running cash breakeven through 2010 under some very optimistic expectations. They forecast a 6-10% increase in revenue on a go forward basis. That would be a complete reversal of a multi-year trend.

My guess is that when the Apr/May doldrums show up they are gonna get a wake up call once again.
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  #17  
Unread February 5th, 2008, 12:07 PM
Youdontknowme Youdontknowme is offline
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Quote:
Originally Posted by NetflixInvestor View Post
And here is the list of closing stores for your edification:

http://www.kccllc.net/documents/0733...0000000013.pdf

I have not seen anything that clearly states there is a phase 3, but I do realize the MG employees were told that was the original plan.
5 in our metropolitan area. 1 right down the street from us (now they just have to get rid of the other one!)
  #18  
Unread February 7th, 2008, 06:03 PM
whorehoppin whorehoppin is offline
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Jim Keyes said 600 stores closing this month.
  #19  
Unread February 7th, 2008, 06:18 PM
NetflixInvestor NetflixInvestor is offline
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600 ?!

Perhaps he knows about phase 3 somehow.
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  #20  
Unread February 7th, 2008, 08:15 PM
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Quote:
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600 ?!

Perhaps he knows about phase 3 somehow.
I'm thinking the 600 is a combination of MG/HV and BB stores
 

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