Mr cobra,, truthing here on this board is not what has caused the demise of this compay, it was in part mostly caused by the BOD and the past few CEO''s,With mr day causing the most damage by "running the company as a stock".. That's where you need to direct your concern.
Walmart, Home Depot have many items like that now... What type of connecting wires are you thinking of?
his inability to see what's plainly I front of him is over whelming enough to him that I'd bet he'd #$%$ his pant at how I get the information.
We can see the intent of running this right to the end, burning everyone that they can get away with, and leads to the question did the CFO before, leave over the morality it?
They're crossing the line where they will be borrowing against thier ability to repay the bonds when they go bankrupt... Rsh can in theory goto a negative $324 million book "if they're allowed too".
They can get all the radio shacks they want free at the bankruptcy,, oh on a side note,there are people that want to strip eBay of PayPal to extract share holder wealth "destroy" it..
I also noticed an increase of items in the bestbuy mobile stores and a cluttering of the items over the open floor space.. Even Home Depot has expanded it's wire,cable,computer connectivity ,meters and more.
Literally,, everyone is expanding and taking radio shacks market share "or is it radio shack is giving it away",
It's right in the 10k,, everything from roof air conditioners to that terrible dark glass fronts that make the stores look closed,,,all unrecoverable but a large part of the book.
Part of a stocks price is based on gross sales, and with mass store closings will come a drop in gross sales.
Also understand in this case the reasoning behind the closures is the HOPE that in closing some stores the remaining stores will pick up some of the sales,, it hasn't worked yet despite closing stores to date,,.
The other reason is to live off the inventory for another quarter or two,DEPENDING IF the creditors let the cash go for covering future losses.
Not shure about scrubbing,, but one thing is for sure,, CEO joe,the bod and a few others sure could use a swirly in a polluted toilet to set them straight...
Both companies would have been in better shape today if the management had been so inept..
When you consider the number of employees that they've burned with the connectivity of family and friends, it alone is enough ill will to cause the company to fail.