Analyst: Circuit City will go Chapter 11 early next year

10/14/2008 | TWICE

With the current economic situation making matters worse, Circuit City will enter Chapter 11 bankruptcy protection in the first quarter of next year, according to Bradley Thomas, a stock analyst with KeyBanc Capital Markets. If that happens, Circuit City's move is expected to be a boon for Best Buy, which is also dealing with a slowdown in consumer-electronics spending.

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