Circuit City is done

[alaskaguy]

All remaining stores will be liquidated.

 

[Wesley]

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

 

[anticyclonic]

I thought they were done two to three months ago.

 

[alaskaguy]

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.

 

[StLouisClone]

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.

 

[Knownothing]

There will be good deals coming

 

[cyismydog]

There will be good deals coming

That's what I was thinking...I'm checking the website everyday now.:yes:

 

[HILLCYD]

Made some money shorting them last year.

 

[capitalcityguy]

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

 

[everyyard]

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

ultimate electronics?

 

[frontrangeclone]

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?

 

[Cyclonepride]

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?

 

[Cardinal&Gold11]

never ever shopped at circuit city.

 

[jbhtexas]

never ever shopped at circuit city.

You didn't miss much...just another over-priced electronics retailer...

 

[brianhos]

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.

 

[drmwevr08]

ultimate electronics?

Tiny fish.

CC never did measure up very well to Best Buy, and I dont care all that much for Best Buy!

The World Market closings is a far bigger bummer in my mind.

 

[4429 mcc]

Tiny fish.

CC never did measure up very well to Best Buy, and I dont care all that much for Best Buy!

The World Market closings is a far bigger bummer in my mind.

They are, when? My wife is going to freak out.

 

[anticyclonic]

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 can think of one (sorta) and it is now over 10 trillion in the hole-the FG.

 

[Cyclonepride]

I can think of one (sorta) and it is now over 10 trillion in the hole-the FG.

That one isn't going to be around much longer either at this rate.

 

[jsmith86]

Maybe there should be a class action suit by taxpayers against some of the parties responsible and on the receiving end of the bailout, especially the one for automakers to recoup some of the money that the government so carelessly threw away.