Icahn's Blockbuster Move: So Far, a Bust

The activist investor has seen the movie-rental chain go from troubled to worse, and now its viability is in doubt

You can only hope Carl Icahn loves a good slasher movie. He's starring in one of his very own, financially speaking, when it comes to his investment in Blockbuster (BBI). The nationwide chain of movie-rental stores said in an Apr. 6 regulatory filing that its auditors had slapped it with a dreaded "going concern" designation—that it "may not have sufficient liquidity to finance the ongoing obligations of our business."

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