The next earnings report is just another in a long line of reports where a few days later RSH is cut in half yet again. I am unsure if we will see another quarterly earnings prior to a filing...really whats the point. If your not up to speed after 2 years maybe you get it when the doors are locked and you see it on the news
There's been a burglary, two armed robberies and at least three break-ins within just a few weeks at Louisville area Radio Shacks. (Bing "LMPD: Thieves targeting Louisville-area RadioShacks") I Binged "Radio Shack robberies" and I found that this is a serious problem nationwide. Locally, a source is saying the reason this keeps happening is because Radio Shack stores don't have the right security measures, making them an easy target. No security??? This is not right. Not only do Radio Shack employees have to worry about whether or not they'll have a job at Christmastime, they've got to worry about whether or not they'll live to see Christmas. Pity the RSH pawns. ☺☺☺
I haven't been able to find any RSH shares to short lately. So sad. I wonder if my local Radio Shack manager would call the cops on me if I was to picket their store with one of those proverbial 'The End is Near' signs? :-( :-( :-(
Are you truly planning on going down with the RSH ship, danzeydoodle??? It's not easy but I truly pity you and have sympathy for all your self-imposed suffering. ☺☺☺
Shorts need for greed, based on destruction of something that someone actully owns and did not "borrow". I know it is not easy, but we should try to feel sympathy for then. Not!!!!!!!!
Looks like RSH didn't take the full 4 days it had to file the 8-K.I knew that the price deficiency happened on the 21st, but I didn't expect the 8-K to be filed until mid-late next week.
Drummer - the rules are detailed in section 8.02 of the NYSE listed company manual. I can't post a link, but you get there by going to the NYSE website, then list with NYSE, get started, choose your market, NYSE listing application and resources - listing standards, NYSE continued listing standards and click on section 8.02 of the listed company manual.
There were 2 news articles posted on yahoo news yesterday, one by Bloomberg and one by PR newswire. Bloomberg misstated the rules, but yet was reposted here. RSH now has 4 business days to file an 8-K. That will be a good source for the reason for the notice and the rules for regaining compliance.
In Nov 2008 Circuit City Received it's delisting notice...
"Jan 17, 2009 ... Circuit City agreed yesterday to close all its 567 stores and begin selling off its
assets as early as today, throwing 34,000 employees out of work ..."
The Titanic is still worth something.
Sentiment: Strong Sell
really is true. Not sure where I read the article but they are really screwed in that they can't even r/s. I know it's tied in with their asset based loans, was a forbes article. And the relisting requirements for NYSE are very tough. You can pass back over a dollar in the next six months but you have to show an averaging close now, very tough. I want to scoop up as many 1 dollar and 50 cent puts as I can! I used to buy forest mimms books there and great mini screwdrivers sets but hey, they had their chances, time to cash out :)
Sentiment: Strong Buy
The rat will miss the upside manipulation and the huge stack of nickles we piled up over the past few years,,
We got to thank our last few manipulators, with Jamie at litespeed being the worst at it, and all you guys here for participating in the project.
So, it's almost goodby and thanks for the cash as the rat remote viewing project comes to an end here on rsh.
I don't know that I would say that it's get WORSE. I would say it's becoming INCREASINGLY UNDENIABLE. ☺☺☺
I knew it was over 2 years agao....just been getting fat stacks of cash monthly while everyone else figured it out.
It's getting WORSE...more ISSUES!!
We specifically disclaim any duty to update any of the information set forth in this press release,
These statements involve a number of risks and uncertainties that could cause our actual results to differ materially from the results discussed in our forward-looking statements, including the risk that the Company’s common stock may be delisted from the New York Stock Exchange and this delisting may
(1) reduce the liquidity and market price of the Company’s common stock and
(2) negatively impact the ability of the Company to conduct equity financings and access the public capital markets.
Additional factors that could cause our actual results to differ materially from the results discussed in our forward-looking statements include, but are not limited to,
our ability to execute and the effectiveness of our initiatives, including our strategic turnaround plan and our proposed store closure program; the underperformance or loss of certain of our important vendors, such as our wireless carrier providers, or breaches by them of our agreements with them;
difficulties associated with our transition to an outsourced arrangement for the production of products we previously manufactured at our Chinese manufacturing plant; an adverse impact on our sales or profitability due to our transition to such an outsourced arrangement;
an adverse impact on our sales or profitability due to changes wireless carrier providers make to their customer credit requirements, frequency of upgrade eligibility, or other operational matters, and the timing, completeness, and accuracy of information we receive about such changes;
a decline in our gross margin due to customer demand for lower margin mobile devices, such as smartphones and tablets; overall sales performance; economic conditions; product demand; expense levels; competitive activity; interest rates; changes in the Company’s financial condition; availability of products and services.
RadioShack Gets Notified That It’s Out of Compliance With NYSE
RadioShack Corp. (RSH), the struggling electronics retailer, was notified by the New York Stock Exchange that it’s out of compliance with requirements because its stock has traded below $1 for 30 straight days.