Wednesday, May 14, 2008

Is There Going To Be A Circuit City Deal, Or Not?

Interested observers will have noticed that Circuit City's share price has been slowly ebbing away from last Friday's spike when financier Carl Icahn announced interest in taking them private, with or without Blockbuster Video.

The (presently) 6% slide since last week may be a sign that large, well connected investors are doubting that after examining Circuit City's books, either Icahn or Blockbuster (or both) will advance an offer. It seems unlikely at this point, especially given Blockbuster's earlier ardor towards making a deal, but stranger things have happened.

**The content contained in this blog represents the opinions of Mr. Distad. This commentary may contain forward looking statements and definetely contains sarcasm and rude sentiments. This commentary in no way constitutes a solicitation of business or investment advice. If you're looking for stock picks from me, look somewhere else. Really, what were you thinking? If you came here because you were trolling Google looking for someone to help you get rich in only twenty minutes a month, you need to seriously re-evaluate your worldview. This blog is intended solely for the entertainment of the reader, and the author, and not neccessarily in that order.

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