I have heard that Chase has issued a deal that gives CC access to 1.5 billion, They will downsize and maybe file bankruptcy to get rid of any debt, but will not close

The point is, a household name like Circuit City, with their current size would be stupid to close down, downsize maybe but not close.

Here's exactly what is going to happen guys, CC is waaaaay to big of a name to just wind down and liquidate everything, out of their 715 some stores, CC will close down anywhere from 200-350 "low performing stores", overnight they will become a profitable company. The reason they will do this is to turn a profit for 1 maybe 2 quarters, andthen sell! sell! sell! At which point you better believe Best Buy, Systemax, AMD,RadioShack and last but not least Carlos Slim are all licking their chops just waiting to buy this bad boy up. In any other case buying this stock would place you in a situatio to make a nice profit, but by the time this all happens, they will be delisted Iure you.

At CC the executives point to the stores and say it was good or bad execution there that helped or hurt any situation. They never really change the plan, they never change the structure, they dont even change the promotions orortment of inventory. Just look at the quarterly press releases. The main thing you will see is "execution in the stores", a generic statement. Then they hand the management at the store another checklist to sign off on to ensure "execution". The company leadership is asleep at the wheel. Don't expect this to go anywhere except maybe into a telephone pole.

If CC trades for less than $1 per share for 30 consecutive trading days it's at risk and NYSE will seek a discussion as to why they should stay on. If dropped they will get traded on the Pink sheets or OTC along with other penny stocks. The problem with CC in this environment is they desperately need to restructure but lack the cash to do so (and probably can't access the cash either in this market). So, what this means is your typical bankruptcy proceeding where there's an orderly winding down won't happen here. If they can't access the cash, it'll be a liquidation like you see furniture stores do all the time. My guess is it will happen before Christmas. 30-60 days, but that's a guess.

CC is a terrible company. I worked for them for two years and they dont care about the customers they only want thier money. As far as the stock, the layoffs back in March is what started everything in my opinoin. Firing 3400 experienced salespeople to hire underpaid high school kids so schoonover and his friends could get more in bonuses

It was thrown off the S&P 500 months ago! It's about to be delisted from the NYSE! Meaning a loss of investment from mutual funds due to their policies. CC has no chance of survival. Schoonover screwed everyone over. I just can't wait for the "Going out of Business Sale"! I'm gonna get some awesome deals!

It's not like CC is not doing anything. Situation is getting worse just because over all money market is going down. It will take time ramp-up overall economy so the CC.

While just the nuts and bolts are good, I sure would like the pieces to put this story together. For example: what is the delisting point ... and what is it being delisted from? Iume the Dow? What's the difference between "supper" (or should it be "super") stores and retail outlets.