Wattles Capital Discloses 6.5% Stake in Circuit City (CC)

In a 13D filing Tuesday, Mark Wattels/Wattles Capital disclosed a 6.5% stake (11,000,000 shares) in Circuit City Stores (NYSE: CC).

Wattels said he met with management and has had discussions with shareholders of the company. Wattles intend to continually evaluate and review the Issuer’s business affairs, financial position, future prospects and management, as well as conditions in the securities markets (including but not limited to the price of and market for the Shares) and general economic and industry conditions.