Circuit City For Sale!
One of Circuit City’s biggest investor’s is pushing for the sale of Circuit City. The reason for this is because the company is doing BAD. Right now Circuit City’s is trading at it’s 52 week low of $3.35. Circuit City once traded will above that mark. I’m not 100% sure what there highest ever was but it was over $30 a share. That’s a huge drop from what it once was. And selling off the company may not be a bad idea. But they may not get the price they’re looking for. And coming up with a price may be very hard to sell to share holders if it’s to low. The best thing is to reorganize at this point. Build the company back up and then sell. Who really knows what they’ll do in the end.
This entry was posted
on Wednesday, June 25th, 2008 at 2:58 pm and is filed under General Info.
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