RadioShack Corporation (RSH) - NYSE
  • Aug. 29, 2014, 6:55 PM
    • RadioShack (NYSE:RSH) shares have racked up four straight double-digit percentage gains on surging volume since speculation began Tuesday that the company would get a rescue financing package to help stave off bankruptcy.
    • Standard General reportedly has held talks with RSH about ways to finance some or all of the company’s debt, including the loan package provided by its term lenders; paying down the debt could give RSH enough leeway to close a large number of underperforming stores, helping the company burn less cash.
    • On Thursday more than 50M RSH shares changed hands, the single highest one-day amount for the stock since at least 1984, and another 40M traded today, indicating a heavy retail trade plus a big short squeeze.
    • Analyst sentiment remains heavily negative: RSH “needs much more than just a refinance in order to correct the overhanging issue of ongoing fundamental weakness," said B. Riley’s Scott Tighman, the analyst with a $0 price target on the stock.
    | Aug. 29, 2014, 6:55 PM | 13 Comments
  • Aug. 28, 2014, 12:46 PM
    | Aug. 28, 2014, 12:46 PM
  • Aug. 26, 2014, 2:30 PM
    • RadioShack (NYSE:RSH) could be rescued with a financing package from Standard General, according to a Bloomberg report.
    • It isn't clear if the helping hand will be in the form of a debt or equity raise.
    • Moody's has warned that RadioShack faces a dire cash crunch in 2015 unless help arrives.
    • Shares of RadioShack are up 7.3% off the development on heavy volume, although the gain only amounts to $0.04 per share at the stock's current trading level.
    | Aug. 26, 2014, 2:30 PM | 21 Comments
  • Aug. 12, 2014, 1:20 PM
    • UBS analyst Michael Lasser calls a turnaround at RadioShack (RSH -3.8%) highly doubtful.
    • He says the limited financial capabilities of the company undercut its potential to innovate properly.
    • The current approach by RadioShack management is akin to throwing things against a wall to see what sticks, notes Lasser.
    • UBS has a $0.50 price target on RSH.
    | Aug. 12, 2014, 1:20 PM | 14 Comments
  • Jul. 30, 2014, 2:20 PM
    • RadioShack (RSH -1.8%) will face a serious cash crunch by November of 2015 unless there is a new capital infusion, according to a forecast from Moody's.
    • The retailer's inability to close stores as quickly as it would like due to lender restraints is keeping it in a cash flow death spiral.
    | Jul. 30, 2014, 2:20 PM | 4 Comments
  • Jul. 30, 2014, 5:09 AM
    • 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.
    | Jul. 30, 2014, 5:09 AM | 7 Comments
  • Jul. 25, 2014, 6:15 PM
    • RadioShack (NYSE:RSH) says it has been notified by the NYSE that it is out of compliance with exchange listing requirements because its stock has traded below $1 for 30 straight days.
    • Under NYSE rules, RSH now has six months to get back into compliance by boosting its stock price to at least $1 on the last trading day of the month and having an average closing price at that level over a 30-day period.
    | Jul. 25, 2014, 6:15 PM | 12 Comments
  • Jul. 24, 2014, 2:05 AM
    • American Apparel (NYSEMKT:APP) has appointed four new directors who will join the two remaining co-chairmen of its old board. The new board will take effect on August 2, after a required 10-day waiting period imposed by securities regulators.
    • The retailers new future took another interesting turn after the news of RadioShack (NYSE:RSH) CEO Joseph Magnacca's election to the board. Magnacca has served as CEO of the struggling electronics retailer since February 2013.
    • The new board faces a tough task of deciding whether fired CEO Dov Charney will return to the company in some capacity.
    | Jul. 24, 2014, 2:05 AM | 1 Comment
  • Jun. 27, 2014, 10:39 AM
    • "RadioShack (RSH) is really not the unmitigated disaster that the overwhelming majority are making it out to be," declares SA author Charles Moscoe, making a bull case for the hard-luck electronics retailer. Management has said RadioShack has enough cash for 12 months, and the company is aggressively slashing costs in the interim.
    • Moscoe is also pleased with recent insider buying, and notes other struggling retailers such as Rite Aid, Best Buy, and SuperValu have risen sharply from their lows.
    • Though he admits the risk of bankruptcy is "material," Moscoe considers the risk/reward favorable in light of RadioShack's potential upside. He also thinks equity holders might not be completely wiped out should a bankruptcy happen.
    | Jun. 27, 2014, 10:39 AM | 51 Comments
  • Jun. 20, 2014, 12:45 PM
    | Jun. 20, 2014, 12:45 PM | 1 Comment
  • Jun. 12, 2014, 12:45 PM
    | Jun. 12, 2014, 12:45 PM
  • Jun. 11, 2014, 9:42 AM
    • 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.
    | Jun. 11, 2014, 9:42 AM | 6 Comments
  • Jun. 10, 2014, 12:46 PM
    | Jun. 10, 2014, 12:46 PM | 3 Comments
  • Jun. 10, 2014, 9:13 AM
    | Jun. 10, 2014, 9:13 AM
  • Jun. 10, 2014, 7:10 AM
    • Radio Shack (RSH) reports comparable-store sales fell 14% in FQ1.
    • Gross margin rate -370 bps to 36.5%.
    • The company says aggressive pricing in postpaid and prepaid handset offerings cut into margins.
    • RadioShack expects to close 200 stores this fiscal year.
    | Jun. 10, 2014, 7:10 AM | 1 Comment
  • Jun. 10, 2014, 7:05 AM
    • RadioShack (RSH): FQ1 EPS of -$0.97.
    • Revenue of $736.7M (-13.2% Y/Y).
    | Jun. 10, 2014, 7:05 AM
Company Description
RadioShack Corp, together with its subsidiaries, is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. Its product lines are categorized into two platforms: mobility and retail.
Sector: Services
Industry: Electronics Stores
Country: United States