Debating whether to buy CC stocks

[SandEagle]

not sure if this is a wise move, but it was down to its lowest point a few days ago.... was thinking of buying 1000 shares, however, the company might go under..who knows. anyone else thinking about buying this one?

 

[jamesave]

cc?

 

[SSSnail]

Circuit City

 

[Vehemence]

Don't do it!

 

[AntiFreze]

I would definitely say no. I dont see them staying around much longer. Especially approaching/livining in a recesssion. Expensive electronics will be first thing cut off by people's budgets.

 

[DefDC]

Yuck... It's ponderous. Here in Mishawaka, IN we have a Best Buy that usually fairly busy. Across the street is CC, that NEVER has any business. Then they are opening an HH Gregg a block from CC. HH Gregg is another CC/BB clone. Yet another...

 

[Gibson486]

Consindering the amount of downsizing they have been doing in there store....NO!

 

[JTsyo]

Think they were doing bad, so some genius had the idea, let's get rid of our highest paid workers (/most experienced). After that they went downhill a lot faster. I wouldn't bet on them for the long term. Maybe put in some money and pull out at the next high.

 

[EightySix Four]

Originally posted by: JTsyo
Think they were doing bad, so some genius had the idea, let's get rid of our highest paid workers (/most experienced). After that they went downhill a lot faster. I wouldn't bet on them for the long term. Maybe put in some money and pull out at the next high.

Yeah, I had a few friends that got hurt by that. The problem was they kept giving people raises past their positions cap, so they were far overpaying people in certain positions. So instead of correct the issue nicely, they fired them all.