Blockbuster stock should i buy

Follow Archive. A Reddit-inspired retail rally in shares of the bankrupt video retailer Blockbuster has caught many by surprise — including the operators of the last remaining Blockbuster store. The buying frenzy was fueled by a group of investors who have gobbled up shares of all sorts of under-performers, including GameStop Corp.

Blockbuster filed for bankruptcy in as competitors like Netflix Inc. While equity owners are typically left with nothing in a bankruptcy, the shares soared more than per cent Tuesday and rose another per cent Wednesday.

We could all use a smile right now. The 4,square-foot store has been renting videos since , when it was known as Pacific Video. Prior to being a legislator, I worked as an associate general counsel at a financial services company. I have concluded that investing in individual stocks is virtually indistinguishable from gambling. Exhibit 1, below regarding Blockbuster stock.

Ted Lieu wrote on Twitter, commenting on a thread about the Blockbuster stock. This is so wonderfully stupid. Blockbuster Video used to be a staple of towns and cities across the country, with more than 9, stores in Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Getty Images After the listing, shares of Paras Defence got locked in the 5 per cent circuit at Rs The grey market, too, was hinting at a dream debut.

Related Super duper debut! New Delhi: Amidst the weakness in the equity market, Paras Defence and Space Technologies stole the spotlight with a blockbuster debut on Friday. The scrip got listed at Rs on BSE, marking a hefty premium of per cent over its issue price of Rs On NSE, the scrip debuted at Rs , up per cent.

After the solid listing pop, many investors, who have missed the bus, may be mulling an entry into the counter for long-term play. However, market experts and analysts advise them to wait and watch. Market watchers say the fortunate bidders, who received share allotment, have made good money. Those who missed the bus, should assume that the issue never happened, they said.

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