Bankruptcy Scores: 18 Riskiest Retail Stocks

Blockbuster

Altman Z-Score, Trailing 12 Months: -4.64

Altman Z-Score 2009: -3.6

Unsurprisingly, Blockbuster(BBI) has the most depressed Z-Score at of all the retailers tracked by TheStreet. The beleaguered movie rental retailer has been struggling for some time, as Coinstar's Redbox and Netflix(NFLX) continue to steal its market share.

Blockbuster is currently in the process of negotiating with bond holders to restructure its nearly $1 billion in debt. Earlier in the year, CEO James Keyes said that if the company did not shore up enough cash, it might be forced to file for bankruptcy.

Blockbuster's annual meeting last week did little to calm investors' fears. After being delayed for 30 days, Keyes still had nothing knew to report in regards to the future of the company.

While the company was able to regain compliance on the New York Stock Exchange after being warned of a potential delisting, the stock is currently trading at 23.8 cents, well below its 52-week high of $1.56.

-- Reported by Jeanine Poggi in New York.

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