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RadioShack Corp. Message Board

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  • timberlandko timberlandko Dec 26, 2001 1:42 AM Flag

    timberlandko

    Thank YOU, sir, for your welcome, your kind comments, and for your toast, which I herewith return with reference to your quote:
    " ... And with that we arrive at where RSH is today----a top-heavy management structure rife with Peter Principle types hoping that their golden parachutes do not turn into lead ballons ... "

    Based on Insider trade filings, my perception of the prospects for the company derived from my experiences as an employee, my reading and interpretations of the Annual Report, and my sense of the overall prospect of the retail sector, I liquidated my holdings in RadioShack in early October of 2000, eliminating a position I had maintained for many years. Had I been merely an investor, not also an employee, I would probably have exited the stock about a year earlier. I wish I had. Still, I wasn't hurt by the transaction. I even set a personal target to consider repurchase should the stock post 5 consecutive closes above $55 with reasonable indication of continued upward trend. Any who have followed the stock are aware my "target" was never in danger.. There are VERY VERY serious problems within the company, and no "Messiah", not even Newman, can singlehandedly remedy the deteriorating situation. The sale and leaseback of Towers is probably a Newman-conceived strategy aimed at bolstering "on-paper" cash position and garnering tax advantage in order to ammeliorate the effects of negative sales-growth figures and declining profits. I fear such accountancy ledgerdermain will fail to bamboozle the market in the least. No point is served by recounting further anecdotes of personal frustration or disappointment. I feel the current management of this company is blinded to its role in the decline, and does no service to the stockholders, the employees, or the public. While certainly not on the order of Enron, this is indeed tragic. It need not be inevitable. I fear, however, it may be so.

 
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