Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (3461)	7/22/2013 11:47:38 AM
From: The Ox	Respond to of 7259

I have a relative who worked there many years ago. They made more and more mistakes during his tenure. Kept cutting and eliminating the marketing and research groups. Cut down other fairly important areas, too. From what I remember being told, upper management "knew" more than everyone else and stubborn, old school types weeded out anyone who objected or tried to explain why their actions were creating irreparable damage. It would be one thing to outsource marketing and research but to practically eliminate it is plain stupid. Only one of many poor decisions I heard about. I never traded RSH back then because of this knowledge. The only thing I feel really good about was keeping an eye on the stock and helping this person unload RSH stock in the 20s back in early 2010. He had a ton of options and stock, even though he had been let go a few years before. He hadn't even been paying attention to them and nearly lost out on some options that would have disappeared if he hadn't exercised them. Tens of thousands of dollars, possibly 100K or more.... A good deed done by me, that's for sure!! As to their future, probably some value in their real estate. I would think a complete overhaul and name change could turn things around. Probably needs a strong partner who needs retail outlets... could be about the only possible white knight?

To: richardred who wrote (3461)	7/29/2013 1:02:37 PM
From: Glenn Petersen	Respond to of 7259

Reuters subsequently walked that story back a bit: Disregard RadioShack stock story Associated Press – Fri, Jul 12, 2013 12:31 PM EDT NEW YORK (AP) -- Readers: Please disregard BC-US--RadioShack-Mover, which moved on Friday at 12:07 p.m. ET. This story originally moved on Thursday and was accidentally moved again on Friday. The AP. Shares of electronics retailer RadioShack Corp. dropped sharply Thursday after a report that the struggling electronics chain is mulling hiring a financial adviser to help the company improve liquidity. Online business publication Debtwire reported that the company plans to take pitches from financial advisers in coming weeks, citing unnamed sources "close to the matter." In a statement, the company said it is focused on executing its turnaround. "RadioShack continues to have a strong balance sheet with total liquidity of $820 million at the end of the first quarter. Like many companies, we have discussions with investment banks from time to time to help us evaluate ways to further strengthen our balance sheet and manage it efficiently. That has been the sole focus of these discussions." Shares fell 20 cents, or 7.1 percent, to close at $2.63, recovering much of an earlier plunge of 23 percent. The stock has traded between $1.90 and $4.28 over the past 52 weeks. RadioShack and other electronics retailers are facing a tough environment, with increased competition from online stores and discount stores like Target and Wal-Mart expanding their electronics sections. The company is seeking to reverse years of slumping sales under its new CEO Joseph Magnacca, who was hired in February, by revamping stores and shaking up management. In its most recent quarter, Fort Worth, Texas-based RadioShack said in April that its first-quarter loss widened to $43 million, as revenue fell 7 percent to $849 million. It ended the first quarter with total liquidity of $820 million, including $435 million in cash and $385 million in available credit that expires in Jan. 2016. Its total debt was $712 million at March 31. finance.yahoo.com