Blockbuster near bankruptcy...time to move on

by: Dan -
I made a post last year about Blockbuster shuttering more stores than they initially stated and wondering aloud if that was the beginning of the end. Unfortunately, it looks like my wondering will become fact, as Blockbuster warned in a SEC filing today that if they can't get out from their debt load, they would be forced into Chapter 11 bankruptcy. Any gamers that are still using them to rent probably needs to move on ASAP to an alternative source. It would also be advisable to use up any gift cards you have with them right away and then don't go back into their stores until they are having the inevitable fire sale of all their inventory. Shouldn't be more than a few months from now the way things are playing out....
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