Circuit City Stores, Inc. (CC)

billddrummer (81.36) Submitted: 9/20/07 2:05 PM

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gemspy shorted this stock in August 2006, and since then the stock has lost 65% of its value. Not surprisingly, gemspy is the All-time Score leader in CC.

I think the only way this dog will rise is if someone bids for it. And that's the only reason I've got it as an Outperform. Right now, I feel like the village idiot.

Hoping for a takeover. Soon.

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valunvesthere (25.48) Submitted: 9/28/07 1:51 AM

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Things seem to not go right for Circuit City at this moment. Most of the negativity seems to be generated by former or present disgruntled employees and traders who are shorting CC stocks hoping to profit on a takeover bid.

At the same time I think Circuit City is doing a good job in ignoring all the negativity and being in control of plummeting CC stock prices. They seem to be administering some sort of three prong approach in turning things around:
* fed rate cut (implemented by the Feds)
* slash operation costs (implemented)
* better relations with suppliers (to be implemented)

All in all, Circuit City should focus more on its main supplier Orbyx Electronics (has offices in Hong Kong and Taipei) which distributes only for Circuit City national brands such as Nexxtech, Centrios, Inext, Wasaki, Sector 7, Liquid Video, and Verge. They should also stock computers from Acer, Asus, and Averatec that bigger competitors don't stock. Also educational devices from Texas Instruments wouldn't hurt either. They should stock up in computer software ranging in education, business, and recreation. Finally, yes I do believe there is room in the market for Circuit City (USA) and The Source: by Circuit City (Canada) if and only if they're configured to be niche stores.

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BrianRuth (99.80) Submitted: 12/04/07 10:08 AM

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50% upward potential? REALLY!?

I'm intrigued. Do you have some profitless pink sheet goldmine to share with me too?

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eskatonic (33.88) Submitted: 1/08/08 2:13 PM

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because firedog is the best name for a bunch of highschool dropouts who want to fix your computer? ya the name inspires me with confidence ...

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joeykid13 (93.26) Submitted: 2/05/08 11:31 AM

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CC is a logical takeover target by SHLD, Sears Holdings, so they can rebrand their old "Brand Central" department "Circuit City @ Sears". This will be done in conjunction with a major store remodeling program. Free standing stores in competing markets will be sold consolidated or closed.

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valunvesthere (25.48) Submitted: 2/07/08 7:46 PM

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Dear stockgripes,

What's wrong with America today?

There aren't enough investors out there who see the glass is half-full. There is too many investors out there who see the glass is half-empty. If we had more people like stockgripes, we'll break U.K.'S record for continuous economic growth which I believe is 6 decades (60 years).

Sincerely Valunvesthere.

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idchucky (< 20) Submitted: 2/25/08 1:11 PM

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Buy, buy, buy. Circuit city like most retails are turning to the computer scheduling for employs. Just like Game Stop.. Look for a more controlled timing with no over time, and even scaling back 5 year term employees to cut costs and bring in more meat for the retail sector..

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mingusdew (42.97) Submitted: 7/03/08 7:25 PM

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America's problem is that investors aren't positive enough? Pardon? I guess I need to keep that in mind, the next time I look at my monthly fuel expense of $200.

If I could just stay positive, and have a little faith in my economy, our growth will avoid the negative!

It doesn't matter that the American middle class is getting robbed by inflation, right in front of their faces. It doesn't matter that $40k annual salaries, which less than a decade ago were more than enough to support people comfortably, can now barely afford a small apartment and an economy car payment while simultaneously allowing for some savings and/or personal comforts. Don't even think about buying a house on that salary, unless you first live 5 years at poverty level saving every penny, or sign your life over to your bank for a six figure loan. You should be alright though, real estate never goes down, after all.

It's hard to find a half-full glass anywhere, in an economy where virtually everyone you meet is barely a couple paychecks away from bankruptcy. I'm thankful to not be in that position personally, but make no mistake: enough people are that it will take a lot more than some positive thinking to reverse the direction of our economy.

The upcoming Holiday season will be a wake up call. The economy that retail built (by supplanting an outsourced manufacturing base with free credit and cheap widgets) will likely see a huge contraction, as the consumer retreats hard and fast to ensure needs stay within reach. Very few people will be buying stereos and TVs when it costs $300 a month just to stay warm.

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