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RateFinancials Assigns 'Poor' Rating to Circuit City's Financials and Questions Timing of Executive Option Awards.

Publication: Business Wire
Publication Date: 08-SEP-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- RateFinancials Inc., a New York-based independent risk research firm that analyzes the financial reporting of publicly held companies, today released the results of a proprietary study that assigns a "Poor" rating to Circuit City's quality of earnings as it relates to its financial reporting. RateFinancials also questions a number of the consumer retailer's options awards to executives that are dated just prior to large run-ups in the company's shares.

The RateFinancials study finds that Circuit City has "very poor quality of earnings," "poor...

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