Ready for a change?
Saturday, May 10, 2008 - 12:09 AM Updated: 02:45 AM
Shareholders of Circuit City Stores Inc. might be eager for changes that improve the stock performance.
The stock hit a recent high two years ago. On May 31, 2006, Circuit City shares closed at $30.05.
On April 14, when Blockbuster went public with its offer to buy the retailer for $6 to $8 per share, the stock closed at $4.97. Shares settled this week at $5.07.
With about 167.8 million shares outstanding, the company lost more than $4 billion in market value between May 31, 2006, and yesterday.
-- Louis Llovio
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