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Old 11-10-2008, 09:02 PM #22
morreo
 
 
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Originally Posted by caliro121 View Post
looks like you were right.
win.

Now they'll be saving electricity money on thousands of stores.
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Old 11-10-2008, 09:45 PM #23
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Now they'll be saving electricity money on thousands of stores.
Quote of the year, or at least Q4.
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Old 11-10-2008, 11:12 PM #24
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Next up... (drum roll)








THE AMERICAN AUTO INDUSTRY!
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Old 11-11-2008, 11:08 AM #25
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Officially at a meeting this morning, they announced the closing of 155 unperforming stores. This could be a very good thing seeing as the average CCity electric bill is 13-14000$/month. Those stores could have been costing ccity money to stay open. Either this is the beginning of the end or the start of a new beginning.

I feel like they can pull out of it.

Right now at this point, Circuit City is completely customer oriented. That is all they are pushing, they are not pushing the warranties as much anymore. Its the customer, so maybe right now they are a great investment.
GG... wanna play again?
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Old 11-11-2008, 05:08 PM #26
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you should probably learn the differences between chapter 11 and 7.

and read up on what circuit city has been awarded in bankruptcy court.

Chapter 11 does not mean the company is going out of business, as K Mart is a great example.
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Old 11-11-2008, 05:14 PM #27
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Exactly. Filing for Ch. 11 protection is probably the best thing that could happen to CC right now.
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Old 11-11-2008, 07:22 PM #28
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CC's supplier pushed them into filing Ch. 11, instead of giving a credit line, CC's suppliers asked for money upfront and they were forced to file ch 11.
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Old 11-11-2008, 08:56 PM #29
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Originally Posted by naughtyDogs>YOU View Post
you should probably learn the differences between chapter 11 and 7.

and read up on what circuit city has been awarded in bankruptcy court.

Chapter 11 does not mean the company is going out of business, as K Mart is a great example.
Ok, you can tie up your money in CC, or wait for them if you already have. Ill use my money to make gains, now.
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Old 11-17-2008, 07:26 PM #30
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Uh, Kmart's almost completely dead. Horrid example.
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Old 11-17-2008, 08:32 PM #31
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We did a case study in school on Kmart and how people starkly mis-value assets. It was a brilliant turn around.

http://money.cnn.com/2004/11/17/news...akers/lampert/
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Old 11-19-2008, 04:56 PM #32
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Quote:
Originally Posted by naughtyDogs>YOU View Post
you should probably learn the differences between chapter 11 and 7.

and read up on what circuit city has been awarded in bankruptcy court.

Chapter 11 does not mean the company is going out of business, as K Mart is a great example.
Ok, we'll see if CC can get the money. Which is probably doubtful
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