daffy

While Best Buy Sneezes, Circuit City Will Catch Pneumonia

Coopsta ~ I fear that $20 is not going to happen this year, or next. I was thinking that if everything fell into place, then the 80 month EMA would be had in November (around $15). That was before I factored in the election year impact. I just don't see it happening. I also think that CC is burning through the cash at a furious rate. If that is the case, then S & P will downgrade them unless thier earnings improve ahead of the sector. Again, a hugely doubtful situation given Schoonover's attack. One thing to remember Coopsta, the purse strings are tight, and people are going to demand more satisfaction from their money. We have been in boom years, and these comapnies have reaped the rewards of bash 'em over the head sales techniques. People aren't going to put up with being bloody anymore, and it is all these comapnies know. I therefore predict a huge disconnect between the consumer and the big box electronic stores (much like the Schoonover disconnect). Even if people spend the same amount of their discretionary income, they are going to seek out what not only the products that make them feel good, but also the sales experiences.


I think I am out of CC if it gets even a whisper close to hitting a %30 gain for me. I am sure there will be grimmer days when the 1st and 2nd qtrs come in (and might be a better time to buy back in).

just my two cents

While Best Buy Sneezes, Circuit City Will Catch Pneumonia

What good news is there about CC?

It always seems like it is always negative on SA.

I bought in at about 4.10, and I am kind of curious as to whether to get out now, or wait out another few months before the next quarter's earnings are released. I hate to get into a non dividend paying slump of a non-performer.

The only good news is that I saw an article on customer satisfaction and CC's customer satisfaction rose 3% and BBY's went down 3% (according to rankings). I may be wrong on those numbers and it may be rating points (on a scale of 100). Regardless, that is no news since anyone who shops at both stores would probably readily tell you that BBY is a hugely high pressure sales arena. It almost feels like if BBY could cram stuff down your throat as you walk out the door they would. At least CC is mildly better.

How come no one ever mentions the fact that CC has so much cash floating around (maybe not for long) that at one point this winter, well over 50% of the stock's value was in cash?

Oh well, I still don't want to get stuck with a non-performer. I would just like to see if they is anyone out there who believes that I should hold onto my CC stock when I am already up quite a bit.