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RadioShack Corp. Message Board

railroadxxx 10 posts  |  Last Activity: Jan 17, 2015 2:45 AM Member since: Apr 20, 2007
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  • railroadxxx railroadxxx Jan 17, 2015 2:45 AM Flag

    You're kidding, right? The employees will be lucky if they even get their last check. I'm serious. Once a company declares bankruptcy, all bets are off to creditors and that includes (former) employees. If the company sticks around through the bankruptcy process and the stores remain open, then employees have a chance of being paid as the company will need them. I would not hold out any hope for stores that are closed down because of the deal.

    The biggest problem will be convincing suppliers to continue to offer product on credit. Some with do so in the hope that their existing liens will somehow be taken care off. Others will bit the bullet, accept their losses and demand full payment on future inventory. A lot will depend of how the bail out is seen in terms of viability.

    Ultimately, I fail to see how RS has any future at all. Their current business model simply is obsolete in today's markets. They have NOTHING to offer. Their traditional customers cannot support a large chain by buying resistors and audio cables. And the movement into cellular failed miserably. So much of what we use today in consumer electronics didn't even exist a decade ago. Is RS going to offer some sort of broadband service to compete with ISPs and cable? Get into the gaming/home entertainment center field? Hyundi just announced a new car being sold without a CD player. That's a recognition of another media content coming to an end. Torrents, or file sharing, is a world wide reality that neither the music nor the movie industry can stop because they refuse to work with it. So many once major platforms are gone or going. Where does RS fit it and what can they possibly offer of value to a public that wrote them off long ago?

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jan 17, 2015 2:28 AM Flag

    Remember the high end electronics chain, The Sharper Image? Right up until they declared bankruptcy they were selling gift cards to unsuspecting customers. Outright fraud on the part of the company's executives. So what happened? The cards became instantly worthless. I will guarantee you that the same thing will happen with RS and that also includes the essentially worthless extended warranties that they scam people into buying.

    Sentiment: Strong Sell

  • railroadxxx by railroadxxx Jan 16, 2015 2:06 AM Flag

    Maybe this has been covered already but why would anyone offer RS $500M to declare bankruptcy? Isn't that just throwing more money down the drain? These people can't possibly be so stupid as to believe that RS has a business model of any kind that works. Reducing the company to 2K of the best performing stores is like saying that one carton of spoiled milk is better than another because it has a newer expiration date on it. There is NO viable business for overpriced consumer electronics, poor inventory, and minimum wage employees. RS is not nor can it be an electronics version of 7/11.

    As far as selling off all the assets, this has been covered many times before. Today's news talks of sales of leases to Sprint. OK, how many stores does that cover? Not many. The existing inventory is probably not worth much and would have to be dumped in order to attract customers, most of whom don't even know the company is still around. There are sure to be immediate lawsuits over any existing pension/benefit plans. And I can't see turning the company into an Internet retailer of any substance. There is no possible way they could compete with Amazon or NewEgg.

    Sentiment: Strong Sell

  • Reply to

    Joy to the world...

    by beetleruss Dec 15, 2014 6:03 PM
    railroadxxx railroadxxx Dec 15, 2014 6:27 PM Flag

    Actually, what it proves is that nice people always get shafted while the slime simply moves on to ruin something else. Do any of us really believe that those most responsible for the demise of this country will never get a similar job again? Or will the upper and middle management be seen as capable, quality individuals being value to retail?

    Look at all the losers that came over from Blockbuster to follow the same path of destruction. Did they learn anything from their failures to adapt to modern technology and communications or did they repeat the exact same attitudes and actions?

    The mantra of many retailers today is that the Internet is to blame for everything. Or the poor economy. And let's not forget the worthless sales associates who are paid good money yet produce nothing. Whip them harder, fire the worse ones every 6 months, cut hours and demand more results from the lazy slackers. I have yet to see either a management or socalled financial analysts deal with the real problem of so much business today and that is the sad fact that most of management are a bunch of sociopaths focused solely upon short term numbers and the hell with both their employees and customers.

    Sentiment: Strong Sell

  • The Chase website has been offline now since last Thursday. Today makes the 5th day. Customers cannot pay their credit card bills nor even see recent charges. If this latest hack includes major theft and usage of credit cards there is going to be Hell to pay.

    What makes all of this so strange is that I have yet to see a single thing in the news. Nothing. Nor has Chase even gotten their own act together with some customer service reps claiming that there is no problem while others state that the system is down but repairs are almost finished. There are a number of websites where one can go to verify if a site is up or down and they are all filled with comments from upset customers. 5 days now and not a word as to what the problem is. Far too typical of a response from a huge corporation that rewards their top management with tens of millions while firing thousands of low level employees.

  • railroadxxx railroadxxx Aug 11, 2014 6:02 PM Flag

    The manager's desk in my store was missing a leg when it collapsed one day. It was "repaired" by placing some wooden blocks under the corner. So ghetto, so typical. But it had a nice view of the rain water seeping along the concrete wall all around the electrical connectors. That never was dealt with either. When things were dry the wall would be covered with these white streaks and the junction boxes had this white crusty material everywhere. It was fun to knock it off while watching the yearly video on how important safety issues were to the company and the need to immediately notify the DM if something needed fixing. :)

    Sentiment: Strong Sell

  • Reply to

    RSH is very sensitive to news, GOOD OR BAD

    by sam.deanj Aug 6, 2014 9:12 PM
    railroadxxx railroadxxx Aug 7, 2014 2:01 AM Flag

    "But the bad has pretty much been priced in."

    Honestly, how many times has that exact same sentence appeared in this forum? I was reading that back when RS was $16. Look at the chart of this stock over the last 4 years. All the way down there have been idiots here telling us how much money they were going to make on RS because the bad news had all been priced in and it could only go higher. Well, it hasn't gone higher. Only a week ago it was 25% higher. A month ago it was 60% higher. A year ago 600% higher. Honestly, it seems that the closer the doors come to shutting forever the more the "street" people show up proving that mental health problems are a major issue in this country.

    Sentiment: Strong Sell

  • Reply to

    This board is pitiful...

    by screeminee Aug 4, 2014 4:07 AM
    railroadxxx railroadxxx Aug 4, 2014 6:22 PM Flag

    Nice vocabulary. We don't see such high levels of articulation much these days after decades of Liberal dumbing down of the educational system. I am going to make the guess that you have a degree in Literature or something similar. Definitely NOT accounting. :)

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Aug 4, 2014 6:11 PM Flag

    I was just going to ask the same question. Look at today's chart. It was set to close around 60 cents when suddenly there was a huge volume surge and the stock dropped like a rock. I realize that this is now a penny stock already at the half way point between $1 and zero but seeing a movement like this literally in the final few moments of the trading day begs the question as to whom and why. I am sure that if we knew the details there would be more information as to how much longer this stock is even going to be trading.

    Sentiment: Strong Sell

  • railroadxxx by railroadxxx Jul 31, 2014 2:51 AM Flag

    As someone who has been around here since the stock was in the low 20s it is amazing how far things have gone. And at each step there have been those who adamantly deny reality and claim big money will be made investing in this stock.

    At 15 there was a group who said the easy money was the $5 they were soon to be rewarded at the stock returned to 20. It dropped rapidly to 10. Then down to 8 where some joker hung around for months bragging about his golf trips and his huge soon to be profitable gain in RS when it shot up to 14. Except it continued dropping. 6, 5, 4. When it reached 3 the promoters returned claiming it was greatly oversold and a bounce was imminent. A thud was more like it. Then came 2 and, only a short month ago, 1. Last week someone jumped on the idea that it had hit a resistance point at 80 cents. Wouldn't, couldn't, shouldn't go lower.

    So today we are at the mid 60s. 18% loss in a week. Penny stock territory. Uranium mines, solar cars, a pill to cure cancer, whatever. The pink sheets. No mutual funds or ETFs around here. This is hardcore hustler hideout, the guys that cold call with a "the train is leaving so you had better decide right now if you want to become rich or not".

    Some companies go under with a loud bang. Circuit City and the Sharper Image come to mind. And others leave without a sound as no one even notices. Radio Shack? I thought they closed down years ago. My dad used to go there. When did they go broke?

    1500-2000 sq ft available for lease. Call Adams Property Management.

    Sentiment: Strong Sell

RSH
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