User 268773

Circuit City: Finally, Schoonover Is Asked to Pursue Other Opportunities

I'm glad that people are hoping Marcum will turn the company around. But we have to look at history to find out exactly what may happen with Marcum at the helm.

Hollywood Video, Ultimate Electronics now CC. Both of the past companies were Wattles take-overs, day-to-day involvement by Marcum. Marcum was placed at CC after the Wattle proxy issues.

Looks to me like CC will survive, but the shareholders won't. My prediction is that CC will go bankrupt, firesale will occur with Wattles getting 90% of the good locations and inventory management, them will combine with Ultimate under one PRIVATELY held umbrella.

MM