Jim Cramer tuned into home-electronics retailers on TheStreet.com TV's Wall Street Confidential Web video Wednesday.
Circuit City (CC Quote), which is up significantly today, has been "struggling for relevance," he said. The retailer has been trying to compensate for losing money by putting up new stores, he told Gregg Greenberg, the host of Wall St. Confidential. But now Circuit City has recognized that things aren't great and that it can't keep expanding, Cramer said. However, when it comes to competing with Best Buy (BBY Quote), Cramer believes Circuit City has "lost the war." Also, RadioShack (RSH Quote), which is close to its 52-week high, "is great," Cramer said. "Julian Day is one of those guys who recognized that you can't have the same store in Atlanta that you have in Oregon." He also mentioned that after having Vincent Sollitto, the CEO of Syntax-Brillian (BRLC Quote), on his "Mad Money" show last night, he is struck by the strength of big-screen TVs. "This high-def cycle is big for everyone involved," Cramer said.House of China
In another video segment, about ancillary housing plays, Cramer said furniture production is one of those industries the Chinese own. The Chinese can produce it and ship it here in a way that they can undercut American furniture manufacturers.- Loading Comments...
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