Bought in today, rather than yesterday. The stock is stable around $1.39 - $1.40 and the opportunities are present for a future. I beleive people are doing the same as I am and waiting for stability today and looking toward the news and Radio Shack Labs/PCH.
Sentiment: Strong Buy
It'll be just like the days when circuit city was under 50 cents with the baggies telling us how much the web was worth,the stores, the billion of inventory.,,but in rsh's case it's a bit different in that it's all already been sold off, just the share holders have t figured that out yet.
The CEO is doing some interesting things, but it is too little too late. The issue is cash, they don't have any. If you want to look at a possible turn around candidate take a look at blackberry. Same situation with major losses, trying to turn around and rebrand the business and right the sinking ship. The difference is they have about 3.7 billion in cash and have lowered losses to a few hundred million a quarter. RS doesn't even have the money to revamp the stores and give it the months and years it will take to win customers back. It is heart breaking to say this, but my prediction is that RS will go the way of Woolworths. I loved RS and it will always hold a warm place in my heart because of how it was in my youth, but it is not that any longer.
Personally I am long on blackberry (especially before the earnings coming out soon) and have bought long puts on RS. My heart hopes I'm wrong on RS, but my research tells me I am not.
Sentiment: Strong Sell
I think ultimately RSH will survive and prosper. I think by the time to buy will be in Sept or Oct. We will go down or sideways until then, but no bankruptcy. I love what this CEO is doing. Just hope there is enough cash to see this through which I bet there will be.
Your gonna be very unhappy dude. You broke rule numero uno....never buy after a bad report hoping for a dead cat bounce. If you had done your heartworm you would know what happens in days weeks after earnings. Keep us posted on your pain lol and keep it civil