Asif Suria

Circuit City Raises Dividend; Bad Store, Great Stock?

For years now I have been a fan of Circuit City stores and the stock, right from when it was trading at about $4 in early 2003 and before the $8 per share unsolicited bid from that Mexican family.

I have always found Circuit City to have better prices than Best Buy and quite clearly a much larger range of gadgets than Target or Walmart. The upcoming release of the Playstation 3 and Nintendo Wii combined with continued demand for flat panel HDTV TVs bodes well for Circuit City.

Disclaimer: I do not hold any positions in Circuit City.