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9 pts

Opinion on  Circuit City Stores Inc (CC)     Sector: Services  >  Industry: Retail (Technology)
Buying into the pull back

Nov 26, 2007 03:50 PM GMT
Barbaro
Return Risk
+3.11% HIGH
Associate

Fundamental Analysis  

In real life I bought to early at $8.35. Thank God for that 20% rally last week. Today it's down over 5% on profit taking.

Circut City sells the type of toys people buy for their self or their whole families. We currrently have three events going on in the country.

1) talk of a recession

2) large corporate earnings

3) a scared work force

The talks of a recession always sensible shopping for love ones. The large corporate earnings give employers the power to show their support towards their employees their concern that fear will drive them to leave.

This will be the year of the large year end bonus. January will see increases in purchases of TV and other electronics.


CC:  This call was made on 11/26/07 @ $6.0
Rating:   Positive   $6.0 (11/26/07)
Closed:   11/28/2007 @ $6.2 (+3.33% in 2 days)
Target:   $7.20 (+20.00%) in > one year


+ Referring to this analysis:


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Who voted on this idea?
100pureveg
Hemant A. Sonawane 29% 12/21/2007
abe Loren 61% 11/26/2007


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dogcrap previously rated CC
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