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RadioShack catches an upgrade from Bank of America to Buy with an upped price target of $2.50....

RadioShack catches an upgrade from Bank of America to Buy with an upped price target of $2.50. Analysts with the firm see an attractive buying point after a wave of negative news drove shares lower. They note that the electronics seller now trades at just 5X its inventory and accounts receivables total. RSH +10.1% to $2.29 premarket.
Comments (1)
  • 7footMoose
    , contributor
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    What kind of investment measure is 5X inventory and accounts receivable? Without even looking at the actual financial statements that could be many time book value or cash flow. What I do know is that the value of inventory and accounts receivable is only $.50. This is a zero value comment from BAC.
    9 Oct 2012, 08:03 AM Reply Like
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