Moody's issues RadioShack warning

Jul. 30, 2014 5:09 AM ETRadioShack Corporation (RSH)RSHBy: Yoel Minkoff, SA News Editor7 Comments
  • 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.

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