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With its languishing stock price and its battered balance sheet, Blockbuster Inc. is having a hard time convincing investors that it could successfully finance its proposed buyout of Circuit City Stores Inc.
The Wall Street Journal reported April 21 that Blockbuster is considering a wide array of sources when it comes to locating funds, including Circuit City's own balance sheet.
Dennis Bryan, a partner and portfolio manager at First Pacific Advisors LLC, said in the report that Circuit City has roughly $125 million in cash that it does not immediately need for operating expenses,...