Can you give me one reason why I should believe your story? Anyone can post just about anything on this board. Unless I can verify it, I don't believe it; it's just noise.
Your facts are wrong. RSH stock has not split since it was $70 a share. On December 17, 1999, the company announced that its same-store sales would fall short of expectations, and its share price fell 27% that day.
I find your post repulsive. Insulting another human being is childish. If you have something intelligent to say, then proceed; otherwise, I suggest silence.
The text you quoted says "more than 40"--not "40". "More than 40" could be 41 or 2,000. Why don't you get the exact number before posting?
It seems to me that RSH's CEO should spend 100% of his time trying to fix RSH's problems rather than joining another company's BOD. Time spent thinking about the other company is time not spent thinking about RSH.
RSH's press release announcing its linkage with PCH International has RSH's CEO saying, "We have been closely collaborating with them [PCH] since January of this year."
I find it hard to believe that a very bright man like Liam Casey (PCH's CEO) would invest 5 months' worth of time, money, and labor developing a relationship with Radio Shack if he believed that RSH soon would disappear.
I do not give investment advice. I merely express my opinion on recent developments. Others are free to express their opinion. That's what this board is for, isn't it? I always urge folks to think for themselves.
Stock prices go up, and they go down (a random walk a la Malkiel). I have not posted on any board any info about most of my trades. At least 5 years ago, I said on this board that I then was losing $$ on RSH and LU. So what? Does any investor always buy shares without the price of those shares ever falling below the purchase price? Many years ago I bought Polaroid shares. Soon thereafter the Cuban missile crisis erupted. Down went my shares' price. It took 2 years for the shares to get back up to my breakeven point. But I eventually sold them at a nice profit. You seem to be something of a student of history. If you will investigate Isaac Newton, then you will learn that he lost a bundle on the South Sea Bubble. And Einstein invested much of his Nobel Prize money in the stock market. He lost much of that investment when the market crashed in 1929 (or so I have read). Do those losses detract from Newton's and Einstein's IQs? They may in your books, but not in mine.
Incidentally, were you trying to say "well received"? I ask because I don't recognize the words "well revieved".
Evidently you cannot read. I said, "If I were you, then ...." In other words, if I were working at a company that I believed has no future, then I would .... I have made NO assumptions about you. If you want to continue working for a company that you believe has no future, then fine. It's your right to do so. But if I were you, then I would behave differently. Period.
Let’s see now. You’re the person who claims to be a RSH employee who sees no future at all to the company. Instead of spending your free time searching for a job at another company that you believe has a future, you waste it posting messages on this board. I don’t mean to be rude, but your behavior casts doubt about the quality of your intellect. As I said, if I were you, I would be ….
PCH International has existed since 1996. RSH could have joined forces with PCH 5 or 10 years ago, but it didn't. Finally we have a CEO who thinks long term rather than short term. If the past CEOs had done likewise, RSH very likely would have avoided the current predicament. This partnership with PCH International has real potential, but it will not produce immediate bottom-line results. IMO, RSH investors who think long term (2 to 5 years down the line) will be rewarded.
PCH's CEO is a bright fellow. He would not have invested the time, effort, and money to develop this relationship with RSH if he thought that RSH's long-term future is as bleak as many posters on this board have portrayed it to be.
I repeat: "Your posts on this board are not going to get you another job." So with your best interests in mind, this post is my last one to you.
I disbelieve 99.99% of the stuff posted on this board. A non-employee can claim to be an employee and can post factually false info about the store's inventory situation without anyone (such as I) being able to disprove the statement. So I regard posts like yours as nothing more than noise.
If I thought my current job has no future (as you do), then I would spend my spare time searching for a better job instead of wasting time by posting messages here. Your posts on this board are not going to get you another job.
Your post says, "Six square feet per store?" RSH's press release (available on its website) has no such info. I don't know the source of the "6 square feet" language, but it did not come from RSH's press release.
That initiative is for bringing brand-new products to market, and many of them will be available nowhere else.
Don't forget, RSH also has an online store.
An optimist sees opportunity in every difficulty; a pessimist sees difficulty in every opportunity. It's pretty clear which one you are.