This is the day the 4216 mil comes due. They are pulling every stop they can to get funding so they do not have to use on hand cash. They are no doubt working round the clock on this and every other matter to Radio Shack is secondary to this. If they can get some financing they get some added breathing room. If they do not it is very dire. It signals no one was willing to grant any sort of financing and more important puts them dangerously close to being broke. With each and every Q loss is growing they are ona clip to lose another 100 million plus in the last half of 2013. They have no funds to remodel and stores and none for advertising. Very little cash left for new inventory which carries a 200 mil plus bill due this year.
Watch for news in the coming days on this funding or lack of.
LOL You are working around the clock on this..rshs not.... Mr Know Nothing Damis. Leave the financing to them and the predicting to a psycic.. Keep your fat nose out of it....You wouldn't make a good pimple on CEO Joes #$%$.
Sentiment: Strong Buy
Get facts right 216 mil due 8-1, with well over 400 mill cash and over a 300 mill credit facility...gearing up for the fall season..opening new college bookstores and updating rsh stores.. latest apple Samsung products..same store sales up 1st time since 2010...reduced inventory..getting lean and mean.. Enjoy!
Sentiment: Strong Buy
Funny thing is rat21 is just a simpleton posting fake numbers every day...accuses rsh of cooking books and hiding 100 mill. Hes paranoid and obsessive over rsh since he lost his job and his weak lawsuit years ago....maybe time for you to move on rat 21 ...life goes by too fast.. You might miss it Ferris....
Funny thing about those same store sales ans and extra 25 million loos to get it,, and then there the question of just where was that 50 million sale of inventory to target recorded,,
Rats tell me all that hides a 100 million slide in SSS.
4216 mil due 8-1? Now you are just down right lying to folks..they have over 400mil cash and have a little over 200 mil due..leaves 200 mill. rest of debt not due till 2016...they also have over a 300 mil credit facility already available..last 4 th quarter during the holliday season they made 4 cents a share..get your facts straight!
CEO joe says he's gona strip the walls bare this Q and he said the suppliers are going to help him do it.
CEO joe says its so he can replace the inventory with super secret price gouging items and that'll save the shack, but the rats keep telling me its quiet liquidation,, and so far them rats have been smarter than ken/shack.