Circuit City

Good news and bad news for Circuit City

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Circuit City has a lot to be thankful for this Thankgiving after a $1.1 billion dollar loan from Bank of America. That amount should cover operating expenses and take care of inventory concerns over the holiday season. In addition to yesterdays bankruptcy, Circuit City owes HP and Samsung, among the rest of the debt, over $2.3 billion – $119 million to HP and $117 million to Samsung.

Samsung and HP are even considering withdrawing its wares from Circuit City’s shelves after yesterdays fillings. Maybe after this loan though, you will still be able to buy ‘em for a bit longer. The question then becomes though, how will Circuit City screw it up this time?

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