jonreagan

Why I'm Buying Circuit City Calls

David--totally agree with you that the comments on these articles tend to get unnecessarily personal and nasty. What ever happened to "agreeing to disagree", folks?

Having said that, I feel that this is a bad stock in a bad neighborhood. I won't even touch the good stocks (e.g., JWN, AEO...) in this bad neighborhood! Specifically, I take issue with your comment that the re-model screw up was a one-time mistake. An even bigger one was the decision to lay off 3400 sales associates at the beginning of the year, replacing them with lower wage newbies. That tells me that these guys don't have a clue on how to win in the retail business. Nordstrom taught all of us that a customer-driven culture is the only way to win this sector, particularly when it comes to something specialized like electronics.

So two mistakes of this magnitude--which amount to self-inflicted wounds--tell me to stay away from CC. They just don't have a clue. Best, JR.