Circuit City: What Is the Implied Floor For Shareholders?

A cry for some changes in Circuity City. I couldn't agree more that it needs some fixing....

Management is not impressing Wall Street and any chart-mongering technician would predict that there is not a visible end to the pain. Enter private equity or a turnaround specialist, or even an activist investor that actually can make a difference. Now that Circuit City has booted 3,400 higher-paid and more knowledgeable employees, the rift between it and Best Buy is even wider. It is less noisy and less busy so you get in and out faster, but that is part of the problem. Circuit City is just not as cool or as fun, and Circuit City is now more vulnerable to an electronics buyer going to Wal-Mart (WMT) or CostCo (COST) than its competitor. It is no accident that Apple (AAPL) is choosing Best Buy over Circuit City.

	Best Buy Service Trumps Circuit City	Associated Press	Fri Apr 6	1
	Best Buy 4Q Profit Up, Circuit City Loss	Associated Press	Wed Apr 4	1