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  #1  
Unread May 17th, 2008, 06:46 PM
IVR IVR is offline
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More Red Ink For Movie Gallery

Movie Gallery reports loss for month

By Cindy Spielvogel -- Video Business, 5/15/2008
MAY 15 | Movie Gallery reported a net loss of $49.8 million on revenue of $151.6 million for the month ended April 6 .

The company is required to file monthly statements during its Chapter 11 bankruptcy.

Hollywood Entertainment stores accounted for $33.2 million of the loss on $102.1 million in sales, while Movie Gallery stores lost the remaining $16.6 million on $49.5 million in revenue.

For the entire period since the bankruptcy was filed on Oct. 16, Movie Gallery has lost $133.3 million on $1.08 billion in revenue .

Hollywood accounted for $124.4 million of the total loss on $741.9 million in revenue, while Movie Gallery stores have lost $8.9 million on sales of $337 million.
  #2  
Unread May 17th, 2008, 07:23 PM
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  #3  
Unread May 18th, 2008, 01:43 AM
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Mg isnt having nearly as brutal margins. They should of never bought HV.
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  #4  
Unread September 6th, 2008, 12:53 AM
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nice to see the spammers just keep coming to a site with 14 truly active members.
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  #5  
Unread December 7th, 2008, 02:46 PM
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Movie Gallery is still considered a legitimate company?

I thought there were accepted as a money laundering front for the mafia quite some time ago...
  #6  
Unread December 8th, 2008, 09:01 PM
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The rumor is that they are going Chapter 7 on Jan. 1st. All doors will close.
  #7  
Unread December 8th, 2008, 11:29 PM
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Quote:
Originally Posted by orbitdvd View Post
The rumor is that they are going Chapter 7 on Jan. 1st. All doors will close.
Wow. Finally, something worth responding to.

Where'd you hear this rumor? Seems absurd on its face, given that (a) Q1 is typically a strong quarter; and (b) Sopris, a first-lien debtholder, recently swapped out its debt position for an equity stake in the company.

My guess is that MG will survive until at least Q2 09, despite that MG's operating performance in all likelihood has sucked and underperformed the industry.
  #8  
Unread December 16th, 2008, 09:51 AM
JoePesci JoePesci is offline
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What's the $250 Grand you invested in Blockbuster (at about $5 per share) worth now, N_G_B? About $25,000? You owned the B shares, right? Congratulations, they've fallen about 90% since when you bought in with your quarter Million dollars. If you'd bought the A shares you'd only be down about 80% (you'd have about the double the money you do now, about $50,000 instead of $25,000).

How's your purported $300,000 a year job at Goldman Sachs? Or was it Merrill Lynch? Are you getting laid off as part of Bank of America's purchase/saving of Merrill Lynch? I'm guessing that $300 Grand "salary" actually included about $200 Grand of Bonuses in past years, which you're probably not getting this year, if you actually still have a job.

Last edited by JoePesci; December 16th, 2008 at 10:00 AM.
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  #9  
Unread December 16th, 2008, 08:43 PM
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  #10  
Unread December 17th, 2008, 09:53 AM
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