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Friday, October 10, 2008

Is Circuit City Going Bankrupt?

Is Circuit City heading for bankruptcy? Those in the know seem to think so and, if something doesn’t happen soon, their predictions may very well come true.

Now the Washington Post says that the company lost a recommendation from a firm that advises manufacturers on whether to ship goods to retailers — meaning that Circuit City may be having trouble paying its vendors. Are they ready to go under? Motley Fool thinks so. They placed Circuit City at the top of a short list of retailers that you could "kiss goodbye."

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