Circuit City Stores Inc. (CC)

All Comments on CC

  • commenter
    rawdawgbuffa
    lo
    Sep 23 08:00 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    Riddle me this, don’t you think McCain or Obama should tell us who will be their Treasury Secretary? Just a query. I mean with almost a trillion dollars on the line. Reply
  • commenter
    billddrummer
    Sep 22 07:20 PM
    Circuit City Still for Sale - Who'll Buy It? [view article]
    As expected, Schoonover is gone and Marcum replaced him. Let's see what he'll do to 'unlock shareholder value.' Reply
  • commenter
    meta99
    Sep 17 10:07 PM
    Why I'm Buying Circuit City Calls [view article]
    No one has apparently made a comment on this for over 8 months. All I can say is, it appears that CC is headed for certain bankruptcy. One thing David missed on the negative side was the fact that the consumer has been overextended for some time now, and the full effects are just being felt. Jobless numbers continue to pile up, and soon the recession will be acknowledged by all. In a better economy, CC might have survived. I fear now it's too late to turn the ship around Reply
  • commenter
    bschu
    Sep 15 04:57 PM
    Interest in HDTV at Electronics Web Sites [view article]
    There is no doubt that Pioneer makes the best HDTV the world has seen. They recently released the latest version but it is not the Elite model, which will come later. For best value, look for the Elite Kuro from last year. Reply
  • commenter
    CaptBob
    Sep 15 10:57 AM
    Interest in HDTV at Electronics Web Sites [view article]
    The electronic age substitutes the mouse for the shoe in retail "tire kicking". I suspect the numbers of lookers to buyers has to be adjusted for the greater number and ease of kicks a mouse can administer in the same time frame. Today it is too easy to give that Nash a look that it really doesn't deserve and in a foregone age one wouldn't cross the street to administer.

    Chuck notes reviews ease the ability of "ask the man who owns one" but I have noticed a person "burned" with a lemon or dissatisfied in any way is more prone to punch the brand in the eye on multiple sites than a satisfied customer to list approval rather than just use his time to sit back and enjoy.     Reply
  • commenter
    Chuck C
    Sep 15 09:05 AM
    Interest in HDTV at Electronics Web Sites [view article]
    Good experience with Sony and Samsung is nice; just like pink roses. What you really need to investigate is who makes the HDTV with the most STUNNING picture of all; Pioneer Elite Kuro models! I purchased one about a month ago and the only word to describe the picture is, STUNNING! Review after review after review substantiate my statement! Reply
  • commenter
    billddrummer
    Sep 12 11:14 AM
    General Discussion on CC
    Why did CC delay its 2nd quarter earnings release? Reply
  • commenter
    billddrummer
    Sep 04 06:43 PM
    Circuit City Still for Sale - Who'll Buy It? [view article]
    A source I use for consumer electronics research has found that the manufacturers still support CC and its struggles, primarily because it's a national chain. If CC were to be dissolved or shrink significantly, vendors would have fewer doors to sell through.

    Check out this link for more:

    www.twice.com/article/...

    It's true that competition gives consumers more choices. But it's also true that consumers vote with their feet and their wallets. It seems to me that the votes have been cast, and CC lost the election.     Reply
  • commenter
    billddrummer
    Aug 28 08:06 PM
    Circuit City Still for Sale - Who'll Buy It? [view article]
    I still think that it's too late to engineer a turnaround. The only value I see in the business is its breakup value if some of the stores are in good locations. Then, there's value in the underlying leases. As we've noted previously, the company leases all but 5 of its stores.

    If shrinking and refocusing to cater to upper income shoppers is part of the turnaround strategy, it may work. (Make 'The City' the new brand, and close the subpar superstores that are draining the company's balance sheet.) Unfortunately, if CC does that, it will probably face higher prices from its major suppliers, because it won't need the same inventory level it does now. Which will further shrink its gross margin.

    If Mr. Marcum is tough enough to make the decisions to close underperforming stores, then the company won't have to sell to a hedge fund to accomplish it. On the other hand, if it's business as usual, forget any return on investment unless you get a breakup fee for your trouble.     Reply
  • commenter
    lilarwin
    Aug 28 03:37 PM
    My Website
    Circuit City Still for Sale - Who'll Buy It? [view article]
    Mr.Bhaskar's comments are rough and tough but it is true that any organisation to become a successful one has to have three Ms on the top.and that is the first M ( Men working in the organisation) is misssing in CC with other two Ms ie machine ( quality product) and market (demand )are upto the highest leval.Mr Marcum should have noted this point. Reply
  • commenter
    lilarwin
    Aug 28 03:27 PM
    My Website
    Circuit City Still for Sale - Who'll Buy It? [view article]
    mmmmzzzmzm Reply
  • commenter
    lilarwin
    Aug 28 03:25 PM
    My Website
    Circuit City Still for Sale - Who'll Buy It? [view article]
    Mr. Bhaskar's comments are rough and tough but has hidden truth that three M's will work in any successful company and the first M ie Men is the missing factor in CC when other two Ms like machines (product with quality) and Market demand are upto the mark.Mr Marcum.should have also noticed this factor.. Reply
  • commenter
    lilarwin
    Aug 27 05:00 PM
    My Website
    Circuit City Still for Sale - Who'll Buy It? [view article]
    Mr.Sullivan, Blockbuster's offer was just the manuplated offer with the help of some moneylaunders and scoundrels in the bootleggars society.If it had come through that would had been the worst moment not in the history of CC but inthe whole American business community.CC is the pioneer co in the retail market (sply in the electronic goods) and has done lot of contribution to the growth and development of the society,given very high returns to the shareholders and I am sure CC will definately come out with good results.Mr.Marcum will have' kick in the back and carrot in front, policy and drive out many inefficient,fat salaried,mentally disabled staff members,close down non profit making outlets and inject heavy dose of insulin in lost energy personnel.and implement the comtemporary business practices like having association with Financial corporations dealing in Credt cards,Insurance and Banking business where CC can hold on their money (Strength of 37000 emplyees,$12 Bn sales and assets and stocks,share holdings worth ** is not a small figure)This is enough Mr.Marcum and go ahead and hit the target. Reply
  • commenter
    copperbaron
    Aug 27 04:05 PM
    Circuit City: Outlook Is Grimmer Than Ever [view article]
    I agree with the conclusion of Sullivan - this is one of the most hopelessly and cluelessly managed companies of the modern era. The mixture of arrogance and ineptitude in the exec suite rivals that of Ford, or maybe some of the mortgage brokers that buried themselves.

    Best Buy is not great, but they run circles around CC and have for years. I used to comparison-shop the two, but now don't even bother. I buy some stuff online, now more than a few years ago. It is easier and cheaper, and I actually find the level of customer service better through a phone connection than live-and-in-person at BBY or CC. Amazing, but true.

    I have probably spent over $20,000 at BBY over the last 15 years, and less than $1,000 at CC. That tells you something - the price points and selection just aren't there. It reminds me of a K-Mart - cheesy, low class, not where I want to shop.

    I expect CC to be a BK within 6 to 7 months - this Xmas will be brutal; the weaker dollar means higher costs, less traffic, and a poor season for most retailers. The electronics guys may get a break from the sales of digital TVs as analog goes offline, but that's the only goodie in the stocking this year for them, I'm afraid.     Reply
  • commenter
    phil'spal
    Aug 27 02:52 PM
    Circuit City Still for Sale - Who'll Buy It? [view article]
    Sullivan is right. Too much hassle involved with making an offer. Further, there is even more hassle in trying to make something of it once you have it. That leads to the obvious question: "What's left of any value in this company?" Bill is right. Fundamentals stink. Land and lease costs are crushing them, yet they're still talking about opening new stores. Not a logical strategy when the only bright spot in the story seems to be that their website is getting more hits lately. Trying to build market share by spreading yourself thinner is an interesting strategy. Given the pathetic performance over the last several quarters, does anybody know how they're planning to pay their suppliers? More debt? So much for cutting costs, unless interest expense somehow doesnt count. Or is the escape plan already in place where the creditors take the thrashing? It's the worst company in a tough, highly competitive market in a scary economy. With regrets to the few dozen or so remaining loyal customers and irrepresibly optimistic CC investors, there is no redeeming aspect that makes this company appear to be worth salvaging. If Mr. Marcum can turn this one around, he should be knighted, sainted, worshipped and adored for time eternal. But I kinda think that he'll settle for the few million bucks he gets for trying. Reply
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