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RadioShack (RSH) -10.4% premarket after posting a Q1 loss of $0.08/share vs. consensus $0.04...

RadioShack (RSH) -10.4% premarket after posting a Q1 loss of $0.08/share vs. consensus $0.04 profit and a $0.33 profit in the year-ago period, as sales fell at its U.S. stores. RSH says it will continue shifting focus to wireless products and will expand in Mexico to help grow, but 2012 is expected to be "another challenging transition year." 
Comments (2)
  • rarrghghguest
    , contributor
    Comments (12) | Send Message
     
    According to the press release.. CEO is pleased at the progress of recent initiatives. He brags that signature sales are up 0.7% year over year after being down more than 6% from 2010 to 2011. He's clinging to any piece of good news possible and not looking at the entire picture. Jim Gooch is killing Radio Shack due to his inaction. The man is delusional if he doesn't think the company needs a complete turnaround. To open half a thousand new mobile stores and still be down on revenue shows that his business plan is a complete, massive failure.
    24 Apr 2012, 10:55 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8167) | Send Message
     
    RSH is selling at its cash level per share.
    24 Apr 2012, 06:34 PM Reply Like
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