daffy

Credit Suisse Disagrees with Citi on Blockbuster / Circuit City Deal

Larry,

I think even I, a tiny little high-end woodworker, could run CC better than current management.

Atrocious.

I am sure you could do much better as well, let alone Icahn.

Is Circuit City Being Sold Soon?

Curiously poking around @ $3.96. Anyone have any clues as the changes in the last quarter to cash per share?

Circuit City CEO: Come Any Closer and I'll Wreck It!

I hear ya . . .

Hopefully the stock can rebound to about 4.70 so I can sell my tiny little stake and break even.

I'm out of here

Short Interest by Sector: Consumer Discretionary Leads

That wasn't a panic sell . . .

that was a well thought out play.

OK, now that I am getting old . . . I am going to get back to buying here in the morning.

Short Interest by Sector: Consumer Discretionary Leads

Oooops, insider buys were about 500K shares at roughly 4.06.

On 462M shares, not exactly what I would call I big deal.

I thought it was more. My mistake.

I would be curious however to see what Laytons deal says. Did he get an upfront promise of big share stake? Don't have time to dig, anyone got that info?

Short Interest by Sector: Consumer Discretionary Leads

One more thing short,

look at the insider trades and the pricing in January. I think they were at 4.01 and 4.06 respectively.

I will look for the numbers and report.

Short Interest by Sector: Consumer Discretionary Leads

It will get back to 3.70. Heck, it is at 3.76 right now.

Don't pull out too quick there short seller. Don't do anything rash.

WORST case scenario is that the price is being hammered to prepare for the Feb report which is bad so as shareholders don't see an amazing one day drop.

I am just going to keep a very keen eye on sales and and performance in the next few days. You are right, somethingis going on here, and I am going to stick it out but I do not have as much as you to loose.

Remember, the stock will bounce.

The stock will bounce.

Being rash is why the market takes bad turns, you know that and I know that. Go back and read my last comment on the other article, you now, the one where I talk about etfc and peers. I still believe that.

Think before you act here. Big money comes with some risk and sweat on the brow.

Short Interest by Sector: Consumer Discretionary Leads

Hey shortie . . . .

Your hypothesis is interesting. I too was just watching this etfc deal as I put a sell at 3.94. I will pick up in two days. I think the price will drop again before we break 4. But here is the deal, every time I saw the price come close to my call, I saw a blocks of 100K+ shares come up. WTF? Right now there is 100K shares on the block. I have never seen that with ETFC. Your right, there is price supression happening here.


In any case, don't worry about my sale, I am coming back in when it drops back down to 3.50-3.70 range. + I am still long on other shares.

I think yeserdays action was interesting in that ETFC didn't hardly even move. I thought for sure that ETFC would have bounced to well above 4 by today. In fact, my sell was for 4.17. The only reason I sold as I think it is going to go down either tomorrow or friday. Jan's readings were read on 2/13 so I expect Febs will be out this week.

I just think there will be another big sell off this week before any big news comes out.

I really think we should have seen a bigger bounce in ETFC yesterday. CFC went from 4.36 to 5.11. CFC. Yeah, that big monster in serious trouble. ETFC just has to get rid of some pesky little interest rate (12.5%) and do something about writedowns and it should bounce quickly back to 15$. Yesterday should have given that hope a reality check for the positive.

Something is amiss here.

Contrarian Indicator: Analyst Buy Ratings

To all you naysayers . . .

If the pundits and analyst had their say about the direction of the economy and the media propaganda, T-rexes would be roaming the earth will-nilly and what humans that were left would be scampering around with limbs bleeding due to fear alone.

Lighten up a bit, and you might make some money. This piece may be a far cry from the more positive recovery spins I would like to see coming out of the pundits and analsyts (has anyone ever noticed the presence of anal in analyst?). All I see is "the sky is falling, you are going to die". I am bored. At least this piece was humorous and gave me a break.

I even bought ETFC at $3.14. Right when everyone was screaming sell. Oh well, I guess I made the wrong decision there. I don't think they sell $3.14 lottery tickets, do they?

Circuit City: Thanks to Investor Wattles, Shareholders May Get a Lifeline

Ever listen to an Ultimate Electronics radio ad?

IT is the direction that consumers are heading.

Schoonover should take a hint.

I am tired of my non-performer. If it hits 5.25, I am selling.

Maybe return later, but I do think 4Q2008 is going to miss by a long shot.

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

Circuit City: Schoonover's Brand Disconnect

I thinkthe lexus with a wal-mart staff is a good point. How many people here have ever shopped at Best Buy?

I think the experinece of shopping at Best Buy sucks (that reminds me, I have a call to make, or maybe not since I own CC stock). The minute you walk in there ther are pople nagging you. When you are gtting close to buying something, the real pressure begins. Allthe crap you "havwe" to buy since you will have this ONE product you are about to buy, the warranty plan, and don't even get e started on back-up disc and software installation services at the wayy "underpriced" Geek Squad. My GF was buying a desktop for home, I went to look at a movie I return five minutes later and she was swipping her card for an additional $250 software installation package that was going to take about ten minutes. This salespaerson must have shoved this down her throat.

OK, lesson # 1 Schoonover. Don't do that. Don't look to BBY for a business model. They are in the same ranks as HD. Their customer satisfaction is dropping, quickly and people are turning to Lowe's. BBY customer satisfaction is dropping, and they are turning to CC, unless of course they get more of the same. Find a different approach. Instead of slamming a customer with sales rhetoric, why not find out what will make the customer happy. It is simple, a happy customer comes back, and CC is in a great position to change the way people buy electronics (and you also might find out what you should be stocking your shelves with instead of force feeding your customers. Wallets are tight dude, but they are still open. Being greeedy is the fastest way to close those wallets and it is exacty what the lieks of BBY and HD are doing. Let them crumble.

Ok, on to lesson # 2. You need to do something with your advertising department. BBY's advertising sucks, and so does CC. Ultimate Electronics does a better job of getting people into their stores than either BBY or CC through advertising. All you have to do is look at the ads. Take some advice from ETFC, they have hit an advertising gold mine (although I haven't seen anything new since the superbowl). All CC has to do is get in with an effective Marketing campaign and it's market share has no where to go but up. People are are looking for a new store, BBY is old, they want something new. Give it to them.

Lesson # 3. Take this article and put in on your fridge at home. Stop pandering around with your sword inside the company. Get out your pen and start focusing on BRINGING THE PEOPLE IN. Cranford is right and your stock holders are going to abandon you if you don't do something positive. Hello? Is there anybody in there?

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.