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  • Circuit City Still for Sale - Who'll Buy It? [View article]
    I'm in Mr. Sullivan's corner on this one. Book value/share looks good until you factor in the costs for terminating leases at underperforming stores, brand damage done by poor customer service over the past five years, and consistently poor fundamentals (negative FCF, shrinking cash balances, lower gross margins quarter after quarter, operating losses in the 4th quarter).

    All that's left is to have vendors stop supplying product, and the swan song will commence. When the credit line is used up, CC will be done.
    Aug 25 10:14 am |Rating: 0 0
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