Viacom Fans Eagerly Eye the Future

Viacom's (VIA.B Quote) fans are hoping that Blockbuster (BBI Quote) is the last stumbling block to the stock's recovery.

Viacom's impending deal to unload its Blockbuster stock -- which follows a parade of bad news about the radio business and the departure of President Mel Karmazin -- could be the catalyst that will spark a rise in Viacom's stock, fans say.

Though initially dilutive, the Blockbuster spinout, according to this scenario, could help end the slide in Viacom's stock. The shares, which surpassed $70 in 2000, have lost more than 20% over the past year and closed at $37.03 on Friday. ...