If Circuit City gets sold anytime soon, it probably won't be to its chief suitor, Blockbuster, according to one of the electronics chain's most vocal investors.
In an interview with TWICE magazine Friday, Jim Wattles, owner of Wattles Capital Management, which owns 6.5 percent of Circuit City shares, said a sale could happen in the next two months. Wattles also said that Blockbuster, which bid roughly $1 billion for Circuit, isn't the only interested party, and in fact, the likely future buyer will be a private equity firm.
So, essentially, the company has options. It was … Read more