Malcolm Berko, Taking Stock

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Management blunders cause Circuit City stock to short out

 
By Malcolm Berko    Comment on this article Leave a comment
Published: October 14, 2007

Dear Mr. Berko: I bought 200 shares of Circuit City late last year at $28, and the stock just fell and fell and fell in price. I spent a lot of money on TVs and electronics there, and I thought it was such a great company that my wife and I decided to buy the stock. What's wrong with this company? Why has the stock price fallen so low? Should I sell my shares or should I buy more stock and lower my cost price?

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Related Topics: Business, Company Activities and Information, Earnings and Losses, Corporate Reporting



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