Circuit City Stores, Inc. (NASDAQOTH:CCTYQ.PK)

compfreak999 (60.93) Submitted: 6/20/2008 12:15:08 PM : Start Price: $3.59 CCTYQ.PK Score: +36.65

My bad side is telling me to purchase some shares for the short term, my good side (logical) is telling me no no no. Rationale?1. Circuit City is an inferior good compared to Best Buy. Why shop at Circuit City when you can shop at Best Buy?2. No turn around in sight3. Circuit City's buyout seems less and less likely to me. First off, they cash asset is quickly dwindling, hence making them less attractive. Also given the liquidity issues on Wall-Street BBI will be hard pressed to finance the purchase (Ichan support? Who knows)