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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (17817)	12/6/2004 6:46:29 PM
From: patron_anejo_por_favor	Respond to of 116555

LOL, well ya gotta love this part: Circuit City continued to repurchase stock in the open market, consistent with the board's $400 million authorization. As of November 30, 2004, the company had repurchased and retired 24.8 million shares under this authorization at a cost of $294.4 million. Of this total, repurchases and retirements during the third quarter totaled 4.5 million shares at a cost of $69.4 million. Hmmm, the best thing they could think of to do was to buy back their own shares? Then announce a decline in same store sales? ROTFLMAOPIMP....if this thing closes it's gap from today, I'm going mega short....<NFG>