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Is Circuit City Going Bankrupt?

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luapo
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PostPosted: Thu Oct 09, 2008 7:01 pm    Post subject: Is Circuit City Going Bankrupt? Reply with quote
Is Circuit City heading for bankruptcy? Those in the know seem to think so and, if something doesn’t happen soon, their predictions may very well come true.

Quote:
Now the Washington Post says that the company lost a recommendation from a firm that advises manufacturers on whether to ship goods to retailers — meaning that Circuit City may be having trouble paying its vendors. Are they ready to go under? Motley Fool thinks so. They placed Circuit City at the top of a short list of retailers that you could "kiss goodbye."


http://consumerist.com/5061294/is-circuit-city-going-bankrupt
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luapo
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PostPosted: Thu Oct 09, 2008 7:05 pm    Post subject: Reply with quote
I just bid for a few shares @ 0.42 I'll find out tomorrow if I'm the proud owner of CC. If they go bankrupt they go and I would have blown the money on soemthing else. My theory is someone will snatch em' up and the stock price will jump.

Circuit City converted all the old RasioShacks in Canada to the Source - By Circuit City.

What do you guys think are they gone or are they here to stay?
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PostPosted: Thu Oct 09, 2008 7:34 pm    Post subject: Reply with quote
I think they're too badly beaten up by Best Buy and also by the generally crap economic situation, but buying at .42 is a nice gamble right now.

I'm always wrong on what's going to happen, so you might be on to something...
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PostPosted: Thu Oct 09, 2008 8:58 pm    Post subject: Reply with quote
radio shack will buy them and sell them to best buy Mr. Green
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PostPosted: Thu Oct 09, 2008 10:48 pm    Post subject: Reply with quote
Circuit city is the bomb if you are into a wall of BO hitting you as you enter...nevr fails.
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PostPosted: Fri Oct 10, 2008 2:32 pm    Post subject: Reply with quote
I was genuinely upset when they took over Radio Shack in Canada. They were always a good place for parts, wire etc. but "The Source" stocks very little of what Radio Shack used to have.

They also employ typical boxtop salespeople, not like Radio Shack who seemed to screen their employees and I know that they had to have an interest in electronics in order to work there.

Plus, their prices are never comptetitive except for maybe 1 or 2 odd things you find, so I for one won't miss them if they bring Radio Shack back and the Source becomes, er Out-Sourced! :)
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PostPosted: Fri Oct 10, 2008 2:34 pm    Post subject: Reply with quote
Y'all knew that:

Best Buy = Future Shop - Commissioned Staff (owned by the same parent Company)

didn't you? At least that's the way it is in Canada.
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PostPosted: Fri Oct 10, 2008 2:38 pm    Post subject: Reply with quote
as a former best buy employee, i would say that CC is going down, but that is cause we where always so against them...but i could see them being bought up...
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PostPosted: Fri Oct 10, 2008 4:23 pm    Post subject: Reply with quote
Well I was able to puchase my lot at 0.42. Let's see if I have a winner.
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PostPosted: Fri Oct 10, 2008 4:40 pm    Post subject: Reply with quote
if i had some extra cash lying around, i would do it i think as well
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PostPosted: Fri Oct 10, 2008 8:16 pm    Post subject: Reply with quote
Noilly Pratt wrote:
Y'all knew that:

Best Buy = Future Shop - Commissioned Staff (owned by the same parent Company)

didn't you? At least that's the way it is in Canada.


no future shop in the states just best buy.

In the states they still do have radio shacks and they still have a good selection of wire and electric components
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luapo
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PostPosted: Thu Nov 13, 2008 9:16 pm    Post subject: Reply with quote
Stock Quote (OT: CCTYQ) Currently at 0.27. I'm down about $100. I'm going to hold on to it in hopes that someones buys the brand or they consolidate and become a regional player.
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