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Originally Posted by bd77  I could be wrong dude. I hope they do since they paid a lot of money for it but I feel it will take a little longer than a year to get their investment back since most people know that Circuit City went out of business. Yes I know they have a great Alexa ranking. The brand itself has to be built back up and that takes time I don't care what ranking they have. The stigma of Bankruptcy is a massive hurdle they have to overcome.
Do you think they will net 14 million over a years time? |
dude I'd re-iterate "over the course of next few years", and I believe new ownership has hardly anything to do to get outta the bankruptcy stigma, cuz they wernt the ones who went bankrupt. They already are well into the depth of this business and all I think would need is a revamped online branded site (which has gone live) cuz they already have massive user base waiting for better services and few exceptionally well chalked out marketing campaigns to get the ball rolling back into their favor for CircuitCity.
If you've seen their stock price, they have been fairing decently on the NYSE with positive growth.. Looks like they are doing something right with their business brands like: TigerDirect, CompUSA, Misco, GlobalComputer etc.. that
CircuitCity operators wernt doing right to have gone bankrupt!!
As per Systemax site, the 2008 Sales exceed $3 billion (for all the brands) so almost anything is possible for them to achieve as revenue..