That article pretty much summed it up. Good article unless you own shares of Radio Shack and want to put your head in a hole and ignore reality.
Ole Ken never gives up. Poof..your moneys gone. Kens theme song.
Radio Shack could anounce Chapt 11 in the morning.....they could..........
In other words this easy financing is just delaying the inevitable. Radio Shacks closure. Notice they say...delay
How much has the company and shareholders lost since he took over?
It would appear ole Syco claimed yet another victum. Sad hen these kids get over their head and dont know how the market works.
For Sale____Company that losses $1.33 million per day. Company has several thousand stores but only actuall owns 2 of them. Sales have been in decline for 5 plus years. We basically sell things everyone else does but with a catch. We sell it for more and have less in stock. We are located in the worst locations across the US. I FORGOT TO MENTION WE ARE HOCKED TO THE GILLS WITH EVERYTHING WE OWN INCLUDING RECIEVABLES OWNED BY THE BANKS. WE HAVE FIRST AND SECOND POSITION LOANS. WE DO HAVE SOME CASH BUT ITS JUST MONEY WE BORROWED SO ACTUALLY ITS JUST DEBT.
So to recap what do you get if you buy us___________isnt it clear? Nothing...worse than nothing..your deep in the hole.
what dens post should have said. I sure hope someone buys Radio Shack. Thats my only hope to get back some of my lost money. I now know I will never make a dime on this but to get back some of my cash I need a company to be really really dum. Wendys, Jack in the Box......ANYBODY?
And even they are priced less. I was actuall suprised. The Verizon store next to me in the mall is bigger than Radio Shack down the way. It was also full of customers and the Radio Shack had one employee flying a remote copter and no customers.
Both manage the exact same way. No wonder they were both shown the door at their other companies.
Our Coal doesnt know anything about stocks. He bashes the posters.......Sort of a womanly Kardashian sort of poster. You harldy get a stock comment out of him. HE is best remoived by the iggy feature
You bring up a good point that he is no doubt the CEO who has lost the most money in Shack history. I have him well over $300 million in 18 months. You leave out in the shortest time period. The BOD no doubt is pinning much of this loss on the previous CEO directions but very soon it will all fall squarey on his shoulders. Whats funny is this is step for step like JCP Ron Johnson. Whats even more funny is Joe M looks like he is a student on Ron J method as he snatched some JCP employees.
In the end I think its mute. The money will run out before the board has a chance to fire hime. Like it or not Joe M is the last CEO Radio Shack will ever have on its books.
This is about the 10th article I have read about Radio Shack getting crushed. I wonder, how long does it take for a person to wise up to shacks demise. Were on a 5 year decline now and 7 straight Q of loss with not one bright spot in it. These morons just like to throw their cash away it would seem. 2013 was just dead money as we head right back to that 52 week low, oh well
Your right. Numbers dont lie. $1.33 million loss per day on track for over $300 million this year. . Just think, in the time it took me to post...they lost 10 grand.
How much time do you give a CEO who is bleeding the company dry
Huh, where? They have a guy who was gong to be let go by Walgreens. He came along with Walgreens buyout of another company. Where do you come up with these pipe dreams. Do you believe your nonsense when you post it over and over.
CEO-JOE is up to nearly 300 mil under his tenure. At what point is he gone? $350........$400.........$500? Lets not forget RSH is on its last ropes. New money has already been lost. BOD cannot keep these Ron Johnson clone around at these losses. He is more of a department head....not a CEO. RSH was in a rock and a hard place....no one wnated this career killing job.
Dude, you post a bunch of heart felt gibberish from your losses. Not a shed of info or fact in your posts. It burns you that I post fact on here dont it? I do find it funny you think that RSH is a bunch of liars and you go long. Funny....really funny. Cause RSH ais telling you every few months this biz is going down the crapper.....been doing it for a few years now yet you think they are liars.......priceless