Analyst: Circuit City Bankruptcy "A Question of When"
Circuit City's woes are such that bankruptcy for the CE retail giant, the second-largest in the U.S., is beginning to look inevitable. That's according to one analyst, who also said Best Buy will likely benefit from a bankruptcy of its rival.
According to the Associated Press Bradley B. Thomas, an analyst with KeyBanc Capital Markets, believes a Circuit City bankruptcy "has become a question of 'when' rather than 'if.'" For that reason, Thomas raised his rating for Best Buy to "Buy," from "Hold."