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[QUOTE]Originally posted by invester: [QB] I think the Circuit City Executives read my post from yesterday. LoL Circuit City To Close 150 Stores To Stave Off Bankruptcy Tuesday 10/21/2008 1:18 PM ET - Investrend Related Companies Symbol Last %Chg CC 0.25 25.00% As of 4:00 PM ET 10/24/08 October 21, 2008 (FinancialWire) -- Circuit City (NYSE: CC) (Current Market Cap: US$58.84 Mil.) could close 150 stores and drop thousands of jobs in lieu of filing for bankruptcy, according to the Wall Street Journal. The Journal said the struggling electronics retailer has hired bankruptcy lawyers but doesn't want to file for Chapter 11 before the holiday shopping season. A bankruptcy filing could hurt the company even further because many shoppers might be worried about Circuit City's future ability to honor long term warranties on items such as televisions. Since a bid worth around $1 billion from Blockbuster fell apart, the electronics retailer's stock has plummeted, and in the last year, shares have lost 95% of their value. Shares of Circuit City dropped 4 cents to 35 cents on Monday. FinancialWire" is a fully independent, proprietary news wire service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . The FinancialWire" NewsFeed is available in multiple formats at http://www.investrend.com/XmlFeeds?level=268 . Please address any inquiries to feedback*financialwire.net . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 . [/QB][/QUOTE]
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