Radio Shack store closing difficulties, lenders balk

Status
Not open for further replies.

w2xq

Mentor
Joined
Jul 13, 2004
Messages
1,930
Location
Burlington County, NJ
Wirelessly posted (Moto Droid Bionic: Mozilla/5.0 (Linux; Android 4.3; en-us; SAMSUNG SM-P605V Build/JSS15J) AppleWebKit/537.36 (KHTML, like Gecko) Version/1.5 Chrome/28.0.1500.94 Safari/537.36)

The March 4 store closing announcement is causing more trouble for the company.

http://online.wsj.com/news/articles/SB10001424052702304626304579505932615127164?mod=pls_whats_news_us_business_f&mg=reno64-wsj

$RSH share price is down 6% today to $1.67 after hours. Interesting; glad I didn't buy up in the >$2 area.
 

w2xq

Mentor
Joined
Jul 13, 2004
Messages
1,930
Location
Burlington County, NJ
Wirelessly posted (Moto Droid Bionic: Mozilla/5.0 (Linux; U; Android 4.1.2; en-us; DROID BIONIC Build/9.8.2O-72_VZW-22) AppleWebKit/534.30 (KHTML, like Gecko) Version/4.0 Mobile Safari/534.30)

Other news aggregators are picking up the WSJ story on lenders balking. Midday $RSH down more to $1.50, ugly to say the least. Still considering playing a trade, but reality says probably should stay away.
 

w2xq

Mentor
Joined
Jul 13, 2004
Messages
1,930
Location
Burlington County, NJ
Wirelessly posted (Moto Droid Bionic: Mozilla/5.0 (Linux; U; Android 4.1.2; en-us; DROID BIONIC Build/9.8.2O-72_VZW-22) AppleWebKit/534.30 (KHTML, like Gecko) Version/4.0 Mobile Safari/534.30)

My goodness. 40 min later from the earlier post, down another 13 cents to $1.37.
 
Last edited:

w2xq

Mentor
Joined
Jul 13, 2004
Messages
1,930
Location
Burlington County, NJ
Wirelessly posted (Moto Droid Bionic: Mozilla/5.0 (Linux; Android 4.1.2; DROID BIONIC Build/9.8.2O-72_VZW-22) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/34.0.1847.114 Mobile Safari/537.36)

The VP for store operations resigned today, and the $RSH share price dropped to a low of $1.30. Less than an hour to go before the close, sitting at $1.33. Wonder what is really happening in corporate these days?
 
Status
Not open for further replies.
Top