Is this a good stereo receiver / speaker deal?

Hello everyone, I recently have been looking for something to play my vinyls with. I do not know much about playing vinyls, and I believe that in order to play vinyls, I will need:

1. Turntable (which I already own)
2. Stereo Receiver / Amplifier? (are they the same thing?)
3. Speakers
4. Those red/white chords (I'm terrible with technology, I don't even know what they're called!)


If I am missing anything else, please feel free to tell me.

I live in the Los Angeles / Orange County are of California, and I have been searching on craigslist for a stereo receiver and speakers. This ad recently caught my eye:

http://orangecounty.craigslist.org/ele/3076799648.html

I am looking to buy the stereo receiver/ amplifer along with the CD player and speakers. You might have to scroll down the ad a bit to see the speakers.

Can anyone tell me if this is a good deal or not? Are there any better deals? What should I look for when I go to take a look at it?


Thanks for your time everyone.