Moody's issues RadioShack warning

|About: RadioShack Corporation (RSH)|By:, SA News Editor

A fresh warning regarding RadioShack's (NYSE:RSH) turnaround plan has been issued by Moody's, stating that the electronics chain is likely to run out of cash by the fiscal third quarter of 2015.

"Barring a cash infusion, RadioShack will not have much of a cash cushion to draw upon as it scrambles to remain relevant in the increasingly competitive mobile phone and consumer electronics business," says Moody's.

In the most recent quarter ending May 3, the company posted an operating loss of $81M.