I can see a merger between Circuit City and Radio Shack. We can call it "Radio City". Otherwise, Circuit City can be absorbed by Best Buy, Sears, Walmart, Costco, or a private equity firm.
I see Circuit City going to $5.00 per share soon. If a third party shows interest in them the price can go much higher.
GXK
1 posted on
04/12/2008 11:00:39 PM PDT by
UnBubba
To: UnBubba
Brick and Mortar retail fascinates me...because people still buy that way.
Mind boggling.
< cue informercial voice >
“You too can pay twice the price of internet/mail-order”
< /infomercial >
2 posted on
04/12/2008 11:05:07 PM PDT by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: UnBubba
You are crazy.
Circuit City, in a cost-cutting move, let go of most of their best (more-highly paid) salesmen a handful of months ago. They have a back-asswards rebate process when compared with Best Buy. Also, they don't know how to put together decent sales versus the competition in the retail space (Best Buy).
Circuit City is not the “Buy” you claim it to be.
Let me guess, you are trying to offload your shares at a higher price?
To: UnBubba
Walmart has no need for Circuit City. Sears has major problems. Best Buy might be a regulatory issue. Private equity can’t borrow from the banks. Is it so likely that these retail companies will want to add on debt to buy a competitor in a recession? This stock will have to stand on its own, or not.
To: UnBubba
Your prediction may end up being right. Technically it doesn't look all that great YET.
http://stockcharts.com/charts/gallery.html?CC
IF it forms a BASE at 3.4-3.5 or so (big volume supports it) then you have a good entry point.
Then to ALL who do buy it, MUST put a HARD STOP LOSS at 3.2 or 3.1.
Riding a stock in downward spiral is the BIGGEST mistake one would ever make. If it loses its support at 3.4, you never know where it would end up next.
Its always better to lose some money than all of it. You can re-invest the SAVED money and get it right end up in green. But if you choose to ride it downwards, kiss your money goodbye.
HAPPY TRADING.
6 posted on
04/12/2008 11:31:33 PM PDT by
The_Republican
(Ovaries of the World Unite! Rush, Laura, Ann, Greta - Time for the Ovulation!)
To: UnBubba
Circus City will evolve into the foray of vacant buildings.
7 posted on
04/12/2008 11:38:31 PM PDT by
Westlander
(Unleash the Neutron Bomb)
To: UnBubba
I'd be very interested to know how much they're into their vendors for software, music cds, DVDs - if they're sitting on cash and not paying out those accounts, then what we're going to simply see is executives getting good rewards, and another going out of business sale.
8 posted on
04/13/2008 12:03:25 AM PDT by
kingu
(Party for rent - conservative opinions not required.)
To: UnBubba
I see Circuit City going bankrupt because they’re run by idiots, they only employ idiots (experienced workers are fired) and the Internet is eating their lunch.
Heard from Incredible Universe lately? Or CompUSA?
10 posted on
04/13/2008 1:00:52 AM PDT by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: UnBubba
If it doesn’t work out can we sue you for giving bad advice?
15 posted on
04/13/2008 3:29:13 AM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: UnBubba
Circuit City was crappy when it was at its best, IMO.
To: UnBubba
Skip the market altogether. Buy gold and silver (coinage, not certificates) while they’re heading down right now. They’ll be back up in a matter of months, whereas CC will be a memory.
You can thank me now and thank me later. :)
17 posted on
04/13/2008 6:07:43 AM PDT by
Diana in Wisconsin
(Save The Earth. It's The Only Planet With Chocolate.)
To: UnBubba
I usually follow stock tips I get unsolicited in my e-mail.
Since I live in the city where CC is headquartered and know several who work, or used to work there, I can tell you that CC is a deeply dysfunctional company.
20 posted on
04/13/2008 7:32:30 AM PDT by
Doohickey
("We cannot insure victory, but we can deserve it" - John Adams)
To: UnBubba
24 posted on
04/14/2008 5:20:19 AM PDT by
papasmurf
(Unless I post a link to resource, what I post is opinion, rergardless of how I spin it.)
To: UnBubba
"I see Circuit City going to $5.00 per share soon. If a third party shows interest in them the price can go much higher." - UnBubba LOL! I see bad advice and ignorant predictions. If someone shows interest in them, the advice can go much worse!
29 posted on
02/12/2009 8:35:00 AM PST by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: UnBubba
That’s the best stock tip I’ve heard since Jim Cramer said to buy Bear Stearns.
32 posted on
02/12/2009 8:41:44 AM PST by
mysterio
To: UnBubba
All that Circuit City has left is a tarnish brand name.
34 posted on
02/12/2009 8:44:57 AM PST by
ThomasThomas
( Accept it, there is no except after in math.)
To: UnBubba
BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHA
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