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RadioShack AO Message Board

  • alphashort alphashort Oct 29, 2007 9:47 AM Flag

    EARNINGS: Sales down 8%, cell down 14%, electronics down, Mngmt forcast bleak

    Yet the stock is up because Day continues to gut the life out of this company. Much lower inventory=much higher out of stocks=decreased revenues. Lower SGA means less advertising/compensation and a lower motivated #$%$off sales force.The cellular side of this business is in crisis, down 14%. There are no "new high-margin electronics products." Day is a clown. All he knows how to do is cut costs. He has not executed on phase two of the turnaround which is where the REAL talent is needed. I'm tired of hearing the longs talk about a 3-5 year turn around. Day has been there for 1 1/2 years and has done nothing to turn the merchandising of this company around. He must go into the office each day and say, "O.K., I don't know anything about merchandising, so I better fire more people and cut advertising so I can beat the lowered earnings numbers of nit-wit Wall Street analysts." Now he is blaming a bleak outlook on the future on the "economy." Things do not look good for this company moving forward. Next quarter will be a disaster. Today's rally is short covering and will be short lived. No-one in their right mind would buy this POS here, especially with the CFO saying the forth quarter will be bad.The board should fire Day NOW, if they have any change of saving what is left of this company.

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