Director purchased 100,000 shares, doubling his holdings. I am following his lead and adding shares. Maybe a dilutive financing deal is not in the offing.
Perhaps, even this dinosaur can deliver a quick profit. Hey, why not look at Martha Stewart or JCP or Fannie and Freddie or SWSH? These are some more dinosaurs which to consider!
But, this guy has been sitting on a 100k shares for a year and held through a near double of his position,, so quick profit nor even profit seems to be his game with rsh, while he does load and unload other holdings.
Any financing they may get will be mid double diget and toxic. The financing alone can finish off the company.
Exactly, circuit city got over a billion financeing then went bankrupt a short time after..