Seeking Alpha

Fitch Ratings close to sounding default knell on RadioShack

  • Fitch Ratings gives a dire outlook for RadioShack (RSH -0.7%) after the company's FQ1 results underwhelmed.
  • The ratings agency expects a restructuring at RadioShack before the end of the year with excess liquidity very tight.
  • If Fitch bumps its rating on the retailer down a notch to C it would signify a belief that a default is imminent.
Comments (6)
  • Yorick
    , contributor
    Comments (493) | Send Message
     
    The overwhelming BK meme on this means Best Buy or Walmart will buy them out for $3/sh and fry the shorts...happens every time.
    11 Jun, 09:54 AM Reply Like
  • Santyapril
    , contributor
    Comments (44) | Send Message
     
    Give me few reasons why best buy or walmart will buy RSH?
    11 Jun, 01:10 PM Reply Like
  • Michael Nau
    , contributor
    Comments (972) | Send Message
     
    Seems unlikely, not a whole lot of synergy. In any case, the good parts of RSH (if there are any) can be had more cheaply in Chapter 11.
    11 Jun, 01:44 PM Reply Like
  • rdrone28
    , contributor
    Comment (1) | Send Message
     
    ...too bad for once was a great company to work for. Too many outsiders brought in ruined the company.
    11 Jun, 01:09 PM Reply Like
  • buy1home
    , contributor
    Comments (11) | Send Message
     
    I am buying radio shack.
    13 Jun, 12:24 AM Reply Like
  • fuk chau Hon
    , contributor
    Comment (1) | Send Message
     
    I may buy 1 contract call 0.5 Jan 2014. It may be going up for a short period.
    10 Jul, 11:47 AM Reply Like
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