wondering what folks think about the earnings just posted. i'm hoping that the conference call is encouraging about the outlook.
I felt that the earnings were disappointing. Without the one-time recovery of bad debt earnings would have been below last year's quarter. Fortunately, based on the stock price, I don't believe the expectations were very high. And, it is always nice to see the balance sheet strengthening.
Good comments, without Sales increases it's hard to see the modest growth story I was counting on. "difficult retail environment" has bugged me for sometime, with WMT sales always up. I wonder how much of that top line decline is "Everyday Low(er) Prices"?
Agreed on the stock price, imo this E report supports $13-$15, higher takes a clearer growth picture.
So they'll need to work on acquisitions, new product lines, fashion trends, cost controls, all the stuff their business is made of.
I wonder if any ancestral ties to that other Tandy (Radio Shack) remain? Seems like there must be a large market for cases / covers (upscale leather?) for all the cellphone/PDA/portable DVD toys out there. How about a Tandy Leather kiosk in Radio Shacks?
Just a thought but IMO that is their job now, develop growth opportunities.
Thanks for sharing your views. Based on the market reaction (price down $1.24 as i write) it appears the overall market shares our sentiment. I agree that the earnings should support a price in the $13 - $15 range. Maybe I will buy more if the market sells off to the bottom of that range. But for now I guess I'll just hold what I've got.