This may sound like I'm trying to catch a falling knife but there is some logic.
I should start out with the case against. They are taking mind-blowing losses and they are a retailer. There are few sectors doing worse than retail: my Home Depot (HD) turned out disastrous.
But at $2.00, there may be some value here. At this price, the company has an enterprise value of less than $350 million dollars. Icahn can buy CC with his lunch money. I know that I don't have the crystal ball to predict future buy-outs but this is really chump change for a top 5 consumer electronics retailer.
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