Joe Malugen
Joe Malugen
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The loss is tragic since it was reportedly the oldest home on the Mississippi Gulf Coast. It was one of the few homes not damaged by Hurricane Camille in 1969.
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Rental revenues have continued to decline over the last several months, and the market weakness we are currently experiencing has been more severe and longer lasting than anticipated,
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We have already made great progress in reducing costs and enhancing efficiency. Today's announcement will further our efforts to create value for shareholders and better position Movie Gallery for long-term success.