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Movie Gallery Stocks

The Dothan-based Movie Gallery Corporation announced plans this week to negotiate with lenders about more changes to the company's loan.

The nation's second largest video rental chain also re-affirmed its forecast for fourth quarter losses.

Movie Gallery chairman Joe Malugen says the company saw continued softness in the rental industry but believes the industry is long-term fundamentally sound.

Movie Gallery expects some store sales to fall five to nine percent over last year's fourth quarter.

The company. Which has posted a loss for fiscal 2005 so far, plans to report fourth quarter and full year results next month.


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