24/7 Wall St.
04-21-2008, 07:10 AM
24/7 Wall St. Daily News
One the way to buying Circuit City (CC), Blockbuster (BBI) found out it may not have the money to close a deal. Its big shareholder Carl Icahn might help and there is some money on the Circuit City balance sheet. According to The Wall Street Journal "Concerns about Blockbuster's methods for financing a bid contributed to a sharp fall in the company's shares." The issues at hand are actually more profoundly ugly than that. Part of the reason that Circuit City can be bought at all is that its poor performance has dropped its share price by 40% over the... http://feeds.feedburner.com/~f/typepad/RyNm?i=acc90LG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=acc90LG) http://feeds.feedburner.com/~f/typepad/RyNm?i=dxTxzmG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=dxTxzmG) http://feeds.feedburner.com/~f/typepad/RyNm?i=j5Ej83g</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=j5Ej83g)
complete story here... (http://www.247wallst.com/2008/04/circuit-city-cc.html)
One the way to buying Circuit City (CC), Blockbuster (BBI) found out it may not have the money to close a deal. Its big shareholder Carl Icahn might help and there is some money on the Circuit City balance sheet. According to The Wall Street Journal "Concerns about Blockbuster's methods for financing a bid contributed to a sharp fall in the company's shares." The issues at hand are actually more profoundly ugly than that. Part of the reason that Circuit City can be bought at all is that its poor performance has dropped its share price by 40% over the... http://feeds.feedburner.com/~f/typepad/RyNm?i=acc90LG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=acc90LG) http://feeds.feedburner.com/~f/typepad/RyNm?i=dxTxzmG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=dxTxzmG) http://feeds.feedburner.com/~f/typepad/RyNm?i=j5Ej83g</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=j5Ej83g)
complete story here... (http://www.247wallst.com/2008/04/circuit-city-cc.html)