Circuit City being primed for a buyout by Mark Wattles?

Wattle's aquisition of CC shares, plus his track record and history certainly look like he's planning to take them private. My first thought is that this looks very similar to the situation three years ago when Jerry Zucker bought HBC.

I've been suggesting that CC was an attractive PE move for over a year:

http://businessopinions.blogspot.com/2007/05/follow-up-to-circuit-citys-q1-earnings.html

We've made money watching and buying these type of stocks over the years. We look for the stock to head lower until a final decision is made on the sale of the company.

Might purchase at a somewhat lower price?

We don't see this company going under at any stage.

Lee D, you have no idea what you are talking about. I worked for Ultimate Electronics when it was still SoundTrack in Colorado and before Wattles sliced Salesperson commissions, increased prices and hired 200 more corporate positions when the corporate office was already overflowed with too many people doing nothing. He's more likely to buy McDonalds then do anything impactful to CC which in my opinion was obsolete 20 years ago.

Perhaps 'Jack Bauer' should be blogging his HMO instead of Ultimate Electronics ... that huge bump on his head needs to heal. As an associate who weathered the failure of Soundtrack through it's emergence under Mark Wattles' guidance, I can proclaim that things have never been better for the customers and employees alike. Far from adding corporate jobs, all upstairs departments were streamlined into a model of corporate efficiency. Sales commissions have never been cut ... merchandising buyers are accountable for increasing product position and managing cash flows ... the guest's perception of a shopping experience is the highest concern. Take a couple aspirins, 'Jack', and sleep it off.