Joseph Magnacca. Fairly impressive pedigree...although it might have been nice if his experience wasn't limited to drug and food stores, I would tend to feel.
Sentiment: Strong Buy
What do you guys think of this timing? My initial guess is they wouldn't have announced a new CEO if they had even a remotely pending deal to sell to another buyer. So if the recent upturn in stock price was based on rumors of buyout, that's gotta be dead now.
So that means next stop for the new guy is directly to the bank to borrow more money to keep this thing afloat... where it will slowly drag down to who know what, by who know when. Bad news for me.. I can probably make my $3.00 puts good, but I doubt I'll see profit on my $1.00 puts..
I'm sure this guy is awesome and with the recent VP choices they make an awesome team. But they're really got their work cut out for them. Good luck to them.. And I'm sure we'll see some out of the box ideas... say cloud hosting, offer retail prices exactly half of what Amazon is offering, you'll still make a pretty profit.. or I know, how about offering the wonderful RadioShack credit card... no? How about electronic pizza takeout?
Whatever.. But I'm still short on the long term future of the company.
Sentiment: Strong Sell
Fairly impressive is an understatement...Was 1 of 2 Executive VP's at Walgreen's....a $70 bil/rev/yr..and ..$2 bil net profit/yr company......Funny that he was just named EVP on Feb.1.....Oh well...good for RSH....Great for RSH....
how well has hewlett packard done since they got a new CEO meg whitman who use to run Ebay? I know the answer, do you? Just show that a bad company will still be a bad company no matter who is running it. Radio needs to make major changes and not just chaniging the CEO.