Ok so let's see...the Circuit City (NYSE:CC) took a huge risk when the board decided to layoff all senior sales associtates and bring in some young will work for minimum wage hot shots. I mean the mentality must've been "OMG! How can we be losing so much $$$ when we got the same hot shit BestBuy's got???"....think...think...smoke....think...*DING*! We're paying the Sr. Sales associates way too much $$$! Let's let them go, bring in some new guys and let them do the same thing the Sr's are doing! I'm sure our products will make up for the lack of training and sales experience they'll bring to the table! Besides, people would rather save $1 then have someone educated speak with them. We know consumers, they're clueless! Much like our decision making!
"All in favor of laying of Sr. Sales associates say 'Ai'" 'AI!!!!!!!!'...promotions around the board, great thinking team!
Ok, I do let my imagination run wild...but you get the gist! Now if you have time in your hectic schedule to watch TV or even subscribe to the Sunday newspapers you'll see that CC hasn't taken a dumbass pill in the marketing/PR department. So why oh why is their stock selling for $1.80? Ok, besides their management's AWFUL decision making and lackluster...excuse me! Blockbuster withdrawing their bid to purchase CC for $6 /share why not buy this company? Who (*achoo RADIO SHACK!*)...bless me! Who would want to buy into the Circuit City chain that also has a number of stores in the US and Internationally? Are we ready to let go of Circuit City and give Best Buy the monopoly? Who's competing with Best Buy? Wal*Mart?? I don't think that's a fair comparison...Radio Shack focuses on the electronic side of the house and has it's own branded products with some interesting gizmo's. Wouldn't it be great for Radio Shack to EXPAND their market to DVDs, TVs and offer a larger variety of products? Clearly it is NOT in Best Buy's best interest to purchase CC as I'm sure they would love the kill.
Also who's best interest is it that CC doesn't close down? That question has me think of AMD & Intel. AMD has gone down to chinatown, but if they go under who will Intel compete against? I don't think Microsoft & Apple would let AMD go belly up as they would have only one major-chip provider to turn to unless Apple wants to burn their own chips which I'm sure M$ would applaud as APPLE products start off with "Ooos and Ahhhs" followed soon after by TURN ON GAWD DAMMIT! if you got an iPhone or are on your 4th inferior Products on demand (iPod), can i get a Hell yah? LoL!
Ok but back to Circuit City...things to focus on: It's competitors (as a whole, not piece by piece), It's Board (CEO, CFO, ETC...), It's been in business since 1984, the economy (are we really in a recession? I still can't find parkin at the GAWD DaYm mall people!), the GAS factor (not petrol, does america Give A Shit?), the products they offer, the team (not just the Board), and finally who would benfit greatly by offering CC a buy out at say $4.50 p/sh? Hey Bear Stearns (NYSE: BSC) sold @ $2.00 a share, so $4.50 is nothing for those greedy bastards to sniff at!
Ok I gotta workout...will weekend blog in a bit!
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