Blockbuster vs. NetFlix Market Cap: Millions vs. Billions (NYSE:BBI),(NASDAQ:NFLX)

Today Netflix, Inc. (NASDAQ:NFLX) shares touched a new all-time high of $63.85 which works out to a market cap now worth $3.44 billion. 
At the opposite end of the spectrum Blockbuster Inc. (NYSE:BBI) shares have lost 73% of their value and closed the day at 40 Cents a share.  Blockbuster's market cap is now only $77.65 million, not even enough to get Cobra Commander excited.

Today Netflix, Inc. (NASDAQ:NFLX) shares touched a new all-time high of $63.85 which works out to a market cap now worth $3.44 billion. 

WILL BLOCKBUSTER MAKE IT?
(TheStreet) Blockbuster (BBI) stock is regaining some of its huge losses after it was reported that rival Movie Gallery could file for bankruptcy as early as next week.

As part of the bankruptcy restructuring, Movie Gallery could close roughly 1,800 stores, or two-thirds of its outlets, leading to significant layoffs, sources told the Wall Street Journal.

This would be the second time in two years the company has sought bankruptcy protection from creditors.

The prospect of a thousand stores being eliminated from Movie Gallery's portfolio, which includes Hollywood Video stores, sent shares of Blockbuster gaining 8.6% to 39 cents in morning trading.

But as investors are making hay off the upside of the news, there is, of course, the potential downside to consider -- that Blockbuster could suffer the same fate as Movie Gallery.

In fact, buying Blockbuster on Movie Gallery's troubles is naive, Edward Neiger, bankruptcy attorney and founder of Neiger LLP, says.

SOURCE: http://www.thestreet.com/story/10669289/1/will-blockbuster-bust-like-mov...