I wondered about their stability and was curious why/how they opened a new store. I've never been in an Ultimate store, but I will. I'm building a new house and they do the sound systems, etc... Are they pretty good?
From Forbes re: Circuit City's finanical health:
"The situation at Circuit City is a lot uglier. This company has been trying to find a way to get back on firm footing and stay there for a long time. Every so often it appears to be making progress, but then falters and changes strategies. The same thing is happening now. The stock has been cut in half over the last year, to $15 and change. Why is the stock attractive? I really don't think it can go much lower and there are some catalysts that could push it back into the 20s.
If the latest round of restructuring doesn't work, I really think Circuit City will be sold. There have been interested parties in the past, but the company has resisted. Personally, I think a buyout is the best way for the company to turn things around. I would love to see Eddie Lampert buy Circuit City. It looks like his kind of thing, namely a brand name and a bunch of customers, but no consistent profitability."
Reader Comments (Page 1 of 1)
007baf @ Jul 4th 2007 6:37PM
I wondered about their stability and was curious why/how they opened a new store. I've never been in an Ultimate store, but I will. I'm building a new house and they do the sound systems, etc... Are they pretty good?
From Forbes re: Circuit City's finanical health:
"The situation at Circuit City is a lot uglier. This company has been trying to find a way to get back on firm footing and stay there for a long time. Every so often it appears to be making progress, but then falters and changes strategies. The same thing is happening now. The stock has been cut in half over the last year, to $15 and change. Why is the stock attractive? I really don't think it can go much lower and there are some catalysts that could push it back into the 20s.
If the latest round of restructuring doesn't work, I really think Circuit City will be sold. There have been interested parties in the past, but the company has resisted. Personally, I think a buyout is the best way for the company to turn things around. I would love to see Eddie Lampert buy Circuit City. It looks like his kind of thing, namely a brand name and a bunch of customers, but no consistent profitability."