This bankruptcy could be a Blockbuster!

Remember when video rental stores were the hottest thing?

Soon they may go the way of telephone booths and manual typewriters.

The Wall Street Journal reports that Blockbuster, Inc. is threatening for the second time in a year to file for bankruptcy under Chapter 11.

“It may not be possible to turn Blockbuster’s business around,” said Gimme Credit analyst Kimberly Noland in a note to clients. “While its high yield issuance last fall appeared to buy it some time, its recent negative revision in guidance and the inroads into its business by competitors bode very ill for its long term health.”

That’s business-speak for “the wolves are at the door, and howling pretty loud.” If Blockbuster files, we’ll follow here on this blog, as the case may be educational for the average consumer.

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