{"id":3035,"date":"2010-01-29T00:40:01","date_gmt":"2010-01-28T23:40:01","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/?p=3035"},"modified":"2010-01-29T00:40:01","modified_gmt":"2010-01-28T23:40:01","slug":"movie-gallery-prepares-yet-another-bankruptcy-filing","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/3035\/movie-gallery-prepares-yet-another-bankruptcy-filing\/","title":{"rendered":"Movie Gallery Prepares Yet Another Bankruptcy Filing"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"282\" vspace=\"4\" hspace=\"4\" height=\"145\" align=\"right\" alt=\"\" src=\"http:\/\/www.blogcdn.com\/www.bloggingstocks.com\/media\/2010\/01\/moviegallery-main_full.jpg\" \/>Shares<br \/>\nof Netflix, Inc. (<a href=\"http:\/\/www.dailyfinance.com\/quotes\/nflx\/nys\">NFLX<\/a>) are up more<br \/>\nthan 20% today after the company posted strong quarterly earnings<br \/>\nand an impressive outlook.<\/p>\n<p>Meanwhile, Movie Gallery is preparing to file for bankruptcy.<br \/>\nAgain.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB20001424052748703410004575029461775496060.html#mod=todays_us_section_b\"><br \/>\nThe Wall Street Journal reports<\/a> (subscription required) that<br \/>\nthis latest restructuring could come next week, and involve the<br \/>\nclosure of two-thirds of the company's 1,800 locations. The company<br \/>\nwill seek to swap a significant amount of its $600 million debt<br \/>\nload for equity, wiping out the current equity stakes held by<br \/>\nSopris Capital Advisors LLC and Aspen Advisors LLC.<\/p>\n<p><a href=\"http:\/\/www.bloggingstocks.com\/2010\/01\/28\/mov%E2%80%A6\"><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/SecretsoftraderscomMasterFeed\/~4\/fVd5CJaPZvE\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Netflix, Inc. (NFLX) are up more than 20% today after the company posted strong quarterly earnings and an impressive outlook. Meanwhile, Movie Gallery is preparing to file for bankruptcy. Again. The Wall Street Journal reports (subscription required) that this latest restructuring could come next week, and involve the closure of two-thirds of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3035","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/3035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=3035"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/3035\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=3035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=3035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=3035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}