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Best Buy Co., Inc. Message Board

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  • mitt_romney_4_prez mitt_romney_4_prez Jun 9, 2012 7:39 AM Flag

    No ruby, but Circuit City..

    I think Circuit City was being less than honest w/ the books.... for all of 2007... Circuit City reported a minor lost of only $8.3 mill... but then the losses started happening in significant amounts.... as an illustrative example, for qtr ending 5/31/08, CC reported a loss of $164.8 million. The vast majority of CC’s $3.6 bill of assets were items that could be easily misstated, e.g., merchandise, property plant & equip, goodwill & other non-cash items... CC went from solidly profitable to bankrupt in a blink of an eye... which just doesn’t happen too often & highly unlikely to happen to BBY.

 
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