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  • Circuit City: Does This Stock Have a Floor? [View article]
    Agreed -- we know people at BBY and employees their pride themselves on the way BBY treats its workers vs the way CC treats its people.

    bottom line, CC has not had an EBIT margin above 2% since 1999, working capital efficiency is nowhere near as good as BBY, and recent comps took a dive.

    07 was ugly, 08 will have to be either an operational miracle under the new CEO or a buyout (CC has cash on the BS) for anyone to see an increase in stock price

    With the negative operating leverage at play (ie. sales taper, CC still has to cover fixed costs...), our risk appetite is not high enough to warrant a purchase of shares today. Let others go the party -- we don't want to deal with the hangover.
    Nov 22 18:28 pm |Rating: 0 0
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