Notable Calls submits:
Citigroup is out with a pretty huge call on Blockbuster (BBI) saying that despite widespread negative sentiment on BBI's proposed acquisition of Circuit City (CC), they believe the potential deal fits with management's current strategy and see compelling reasons for the merger.
Citi believes it is key to realize that a BBI-owned CC will likely look very different than Circuit City looks today as BBI integrates CC stores into its restructuring plans (including the potential addition of beverage and gaming lounges).
Complete Story » ...
Anytime
Notable Calls submits:
Citigroup is out with a pretty huge call on Blockbuster (BBI) saying that despite widespread negative sentiment on BBI's proposed acquisition of Circuit City (CC), they believe the potential deal fits with management's current strategy and see compelling reasons for the merger.
Citi believes it is key to realize that a BBI-owned CC will likely look very different than Circuit City looks today as BBI integrates CC stores into its restructuring plans (including the potential addition of beverage and gaming lounges).
Complete Story » ...