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Circuit City CCTYQ

77%

Canadian stores are not closing.  CC ask BK judge for permission to give bonuses to employees.   This sounds like  Assets > Liabilities to me. Continue reading »

funamental analysis CCTYQ

N/A

i think once circuit city gets half of its stores closed it will emerge from bankruptcy and be competetive with wal-mart and best buy. Continue reading »

From the Blogosphere

My predictions for Obama's first year

Filed under: Economic data, Politics, Housing Like all good marriages, the union of Barack Obama and the American people will start tomorrow with the best of intentions. The problem is that it won't last, particularly when it comes to the economy. The president-elect already is at odds with House Speaker Nancy Pelosi over whether to repeal the Bush tax cuts before they expire in 2010, according to the Wall Street Journal. The economic stimulus package is expected to top $850 billion as part of Obama's pledge to create jobs and reducing taxes. Meanwhile, the housing market continues to stink a... Continue reading »

Who on earth would want to buy Circuit City?

Filed under: Best Buy (BBY), Circuit City Stores (CC), Financial Crisis Circuit City Stores Inc. (OTC: CCTYQ) continues to negotiate with potential buyers who the company says want to continue operating the second-largest electronics retailer. I will believe it when I see it. The retailer has gotten its butt kicked by Best Buy Co. (NYSE: BBY) for years. Its penny-pinching ways has resulted in lousy service because the company was too cheap to pay experienced sales help. Moreover, this is a bad time to sell electronic gadgets and gizmos that are the very definition of discretionary spending. R... Continue reading »

Who on earth would want to buy Circuit City?

Filed under: Best Buy (BBY), Circuit City Stores (CC), Financial Crisis Circuit City Stores Inc. (OTC: CCTYQ) continues to negotiate with potential buyers who the company says want to continue operating the second-largest electronics retailer. I will believe it when I see it. The retailer has gotten its butt kicked by Best Buy Co. (NYSE: BBY) for years. Its penny-pinching ways has resulted in lousy service because the company was too cheap to pay experienced sales help. Moreover, this is a bad time to sell electronic gadgets and gizmos that are the very definition of discretionary spending. R... Continue reading »

Will Circuit City disappear?

Filed under: Products and services, Best Buy (BBY), Circuit City Stores (CC), Recession Circuit City Stores Inc. (NYSE:CCTYQ) may not be long for this world. The troubled electronics retailer said today that it has until the end of next week to reach a deal "with interested parties" or else it would be forced to liquidate. This is hardly surprising. Circuit City filed for Chapter 11 bankruptcy protection in November after being squeezed by both the credit crunch and rivals including Best Buy Inc. (NYSE: BBY). Moreover, consumer confidence is at an all-time low making it difficult for any selle... Continue reading »

2008 Trades Gone Bad #1: Going long the specialty retailers

Filed under: Wal-Mart (WMT), Newsletters, Sony Corp ADR (SNE), Circuit City Stores (CC), Tiffany and Co (TIF), Sears Holdings (SHLD), Coach Inc (COH), Costco Wholesale (COST), Abercrombie and Fitch (ANF), Under Armour'A' (UA), Nordstrom, Inc (JWN), Urban Outfitters (URBN), Stocks to Sell If you made a bet on the specialty retailers leading up to the first $600 taxpayer rebate stimulus package, you got hammered. Talk about a government plan backfiring big time. <>That $300 billion in checks that fell out of the sky from government helicopters back in the March to May timeframe didn't find its w... Continue reading »

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