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  • Circuit City Falls Further: 'Bring Out Your Dead' [View article]
    Todd,

    My comment from last week about the company's balance sheet is absolutely what happened:

    seekingalpha.com/user/...

    True to my prediction, cash is down, borrowings are up, and market cap fell to the basement over the previous year.

    I'll bet the bankers that backed the credit line are looking for loopholes in the agreement. But it doesn't seem to me that financial metrics were part of the SEC filing describing the deal:

    www.secinfo.com/d14D5a...

    I'll bet they wish they had.
    Sep 29 19:44 pm |Rating: 0 0
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