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Circuit City Stores, Inc. (NASDAQOTH:CCTYQ.PK)
CAPS Rating:
The Company is a retailer of consumer electronics, home office products, entertainment software and related services.
The Company is a retailer of consumer electronics, home office products, entertainment software and related services.
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Asset play and takeover target of Icahn and Best Buy. Not sure how the BBY situation would work out, but smart people see that this thing is way undervalued. I don't care how poorly it has done in the past, how much management sticks, how poor product selection/placement is, etc. It is obvious that all of this will have to change for the company to turnaround, and if it doesn't it will be liquidated. Either way the company is undervalued by the market.
Obviously meant Blockbuster.