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  1. #1
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    Circuit City is done

    All remaining stores will be liquidated.


    Last edited by alaskaguy; 01-16-2009 at 01:34 PM.
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    Re: Circuit City is done

    The $.04/share cent stock is worthless. They plan to sell over the internet the leftovers and takebacks.


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  3. #3
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    Re: Circuit City is done

    I thought they were done two to three months ago.



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    Re: Circuit City is done

    Quote Originally Posted by anticyclonic View Post
    I thought they were done two to three months ago.
    Nope, they still have 567 stores open.

    Some private equity firms plus Blockbuster had expressed interest in purchasing Circuit City but the deal fell through when they couldn't get the financing arranged.


    "If the facts don't fit the theory, change the facts." Albert Einstein
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    "Dress cute wherever you go, life is too short to blend in." Paris Hilton
    "Money is one of the greatest instruments of freedom ever invented by man." F.A. Hayek

  5. #5
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    Re: Circuit City is done

    This will eventually be the fate of GM. It may take 10 years, but no company with a balance sheet as bad as GM's can survive long-term.



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    Re: Circuit City is done

    There will be good deals coming



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    Re: Circuit City is done

    Quote Originally Posted by Knownothing View Post
    There will be good deals coming
    That's what I was thinking...I'm checking the website everyday now.



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    Re: Circuit City is done

    Made some money shorting them last year.



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    Re: Circuit City is done

    That is too bad. I think it was healthy for Best Buy to have the competition.



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    Re: Circuit City is done

    Quote Originally Posted by capitalcityguy View Post
    That is too bad. I think it was healthy for Best Buy to have the competition.
    ultimate electronics?



  11. #11
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    Re: Circuit City is done

    eh, just all part of the economic cycle, right? survival of the fittest? some make it, some don't. Isn't that the mantra of capitalism?


    I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.

    Thomas Jefferson, 1802

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    Re: Circuit City is done

    Quote Originally Posted by StLouisClone View Post
    This will eventually be the fate of GM. It may take 10 years, but no company with a balance sheet as bad as GM's can survive long-term.
    I'd really hate to see how many of our tax dollars it would take to keep GM afloat for 10 more years. We dropped $17 billion so they could make it 3 more months.

    As far as Circuit City, are there any stores in Iowa?


    Last edited by Cyclonepride; 01-16-2009 at 02:22 PM.

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    Re: Circuit City is done

    never ever shopped at circuit city.


    "These are my new shoes. They're good shoes. They won't make you rich like me, they won't make you rebound like me, they definitely won't make you handsome like me. They'll only make you have shoes like me. That's it." - Charles Barkley

  14. #14
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    Re: Circuit City is done

    Quote Originally Posted by Cardinal&Gold11 View Post
    never ever shopped at circuit city.
    You didn't miss much...just another over-priced electronics retailer...


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    Re: Circuit City is done

    Quote Originally Posted by StLouisClone View Post
    This will eventually be the fate of GM. It may take 10 years, but no company with a balance sheet as bad as GM's can survive long-term.
    Nahh, GM is fine, they will just be renamed Pelosi Motors.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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