Sound Advice vs Circuit City Consumer Electronics
Gabe Smither 594-18-6188 Lecture Instructor: Raymond Enger Lecture Section: 0003 Lab Instructor: Lovisa Parks Lab Section: 0035
Sound Advice
A full service retailer of selected upscale entertainment and consumer electronics
Products include: high quality T.V.s video products personal electronics car audio systems car alram systems
Circuit City
National retailer of quality brand name personal and consumer electronics
Products include: quality T.V.s audio/video products personal electronics car audio systems car securtiy systyems
Stock: Sound Advice
Nasdaq- symbol SUND Oct. 27- Sound Advice stock selling for $7.90 a share 1000 shares @ $7.90= $7,900 Nov. 26- Sound Advice stock selling for $8.40 a share 1000 shares @ $8.40= $8,400 Profit= $8,400-$7,900= $500
Stock: Circuit City
New York Stock Exchange- symbol CC Oct. 27- Circuit City stock selling for $11.80 a share 1000 shares @ $11.80= $11,800 Nov. 26- Circuit City stock selling for $13.50 a share 1000 shares @ $13.50= $13,500 Profit= $13,500-$11,800= $1,700
Progress of Stock Sound Advice
10000 8000 6000 4000 2000 0 OCT 27 NOV 26 PROFIT
Progress of Stock Circuit City
14000 12000 10000 8000 6000 4000 2000 0
OCT 27 NOV 26 PROFIT
Sell or Hold onto Stock Sound Advice
After following Sound Advice’s stock for a thirty day period, I noticed an overall increase with the stock It had its ups and downs throughout the thirty day period, there was neither a steady incline nor a steady decline I would recommend holding onto the stock, because of a minimal profit and it looks as if it will stay on the incline in value
Sell or Hold onto Stock Circuit City
After following Circuit City’s stock for a thirty day period I noticed an overall increase with the stock as well Similar to Sound Advice, this stock had its ups and downs; neither a steady incline nor a steady decline I would recommend holding the stock because it had a 52 week high of $65.18 and current value is on the up
I have presented two companies to you now which sell very similar products. Both companies seem to be doing well . I would recommend buying stock in these companies. If financially challenged start with purchasing Sound Advice stock because it is cheaper. However, if you can afford Circuit City’s stock, it too , would be a good investment.