Its like everything these companies do......They talk about all this cash they have and never about the debt. If they were so cash rich they NEVER would have taken out a loan like that. Its obvious......They are desperate and on the ropes. Just like Circuit City when the credit line gets yanked its over. One more drop from the S&P and its addios amigos...........what did they do........lower it twice in 2012?
What part of the only real creditors rsh deals with are vz att s... what part of the unique/symbiotic relationship that wireless carriers have with a retailer that almost as much is owed to rsh from the carrier than rsh owes to them in accts receivable...what part of rsh's
inventory value is 70 plus percent smartphones that can be easily packed, shipped and sold anywhere at anytime, even back to the carrier if need be ... should one have to 'liquidate' galaxy s3, iphone5, and htc onex plus phones, do you think rsh will only get $.30 on th $1????
What part of the $900 mln in working capital dont you guys get.... or what part $3.60 liquidation value dont you get.. or what part of the ease of sub leasing each and every location dont you get.. OR what part of the positive operating cash flow 2 of the last 3 quarters... OR the $73 million CASH that they just received from the government.. OR the elimination of an annualized cash burn of $40 mln when the target deal is finished next quarter.....