StockIceMan's Weekly Stock Pick
Week of
July 19th, 2004
| Stock: |
Circuit City Stores, Inc |
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| Ticker Symbol: |
CC - NYSE - Retail/Technology |
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| Buy: |
12.75 to 13.00 |
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| Sell: |
17.00 + |
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Info: |
Circuit City Stores, Inc.
is a national retailer of brand-name consumer
electronics, personal computers (PCs) and
entertainment software. The Company's retail
operation consists of Circuit City Superstores
and mall-based Circuit City stores. It also has
a private-label finance operation, including a
wholly owned credit card bank, First North
American National Bank, which provides consumer
revolving credit. The Company operates16 stores
that designs feature-flexible displays to
accommodate new product offerings. The products
offered include video equipments, such as
television, digital satellite systems, digital
video disc (DVD) players, videocassette
recorders, camcorders and cameras. It also
offers audio equipments, such as home and
portable audio systems and mobile electronics,
such as car audio, video and security systems.
The Company offers home office products, such as
PCs, printers, peripherals, software and
facsimile machines |
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| Financial Info: |
For the three months ended
5/31/04, revenues rose 7% to $2.07 billion. Net
loss from continuing operations fell 81% to $5.2
million. |
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| Key Ratios: |
Current
Ratio: 2.16; Total Debt/Equity: 0.017,
Trailing P/E: 127.12x, Forward P/E: 23.61x, Price/Book:
1.22,
Price/Sales: 0.27. |
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| Share Info: |
There are 199.23
million shares outstanding with 195.20
million shares in the trading
float. Institutions own
approximately 88.92% of the
shares outstanding. There have
been 5 insiders buying a total of 22,000 shares
and 19 insiders selling a total of 554,000
shares in the last six months.
Real-Time SEC
Filings
As of 6/7/2004, there were 13.5 million shares short.
Net Institutional Buying: 3.42 million shares: prior to latest
quarter. |
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| Articles: |
CIRCUIT CITY STORES INC
Files SEC form 10-Q, Quarterly Report |
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