Investor Quiz

Guess what stock was up over 430,000% in the last quarter of the 20th century, or nearly 40% a year?
Give up?

Circuit City Stores (CC)

Circuit City Stores Inc., the nation’s second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday season approaches.
It said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday shopping period. The company also said it cut 700 more jobs at its headquarters, after announcing a week ago that it would close 20 percent of its stores and lay off thousands of workers.

Posted by Eddy Elfenbein on November 10th, 2008 at 10:50 am

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