Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (39747)	6/17/2003 12:25:12 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71507

10:36 ET CC Circuit City: Raymond James reaffirms Strong Buy rating and $10 target (7.18 +0.31) -- Update -- Firm is encouraged by the improved results and hope that they mark the start of a trend of stabilization. Valuation remains the key basis for firm's investment thesis as the shares trade well below Raymond James' $10 sum of the parts valuation. 10:23 ET Homebuilders falter after favorable start 08:01 ET CC Circuit City beats, names new CFO (6.87) Reports Q1 (May) loss of $0.21 per share, $0.03 better than the Reuters Research consensus of ($0.24); revenues fell 8.7% year/year to $1.93 bln vs the $1.99 bln consensus. Actual of loss of $0.21 includes $0.05 in "remodel and relocation expenses", however these are described in release as "costs" and loss of $0.21 is described as "non-recurring" so it appears this is comparable to R.R. consensus. CC also announces Michael E. Foss will take over for retiring CFO Michael T. Chalifoux. Foss joins Circuit City from TeleTech Holdings (TTEC).