Why did they wait 2 months to cry foul and at a horrible time like this? It seems strange to me. Maybe they are hoping that RSH or its backers (Standard General, etc.) will pay them some $$ to drop the matter.
Unless someone has inside info, and I doubt that anyone posting on this board today has such info, to say that "Radio Shack is now in default" is reckless. It may or may not be in default. At this point it's just an accusation. It remains to be seen if it's true.
The last time I looked, every stock transaction has a buyer and a seller. So if X sold a million shares, then Y bought a million shares. X is a pessimist; Y is an optimist.
I do not know. I have too little info even to venture a guess. I cannot see how a disruption in RSH's business can be in anybody's best interests at this point.
A classic ploy: change the subject. It began as "ownership of assets." He cannot defend the indefensible; so he changes the subject to "book value", and he wants to give me (PhD in Accounting and a CPA) a lesson on book value. No thanks, I have taught students about book value for many years.
Yes, RSH has some liabilities (A = L + OE), but the company also has assets, which it owns; so the statement that it "owns nothing" is false and misleading.
trader0771 says that RSH “owns nothing.” That statement is nonsense. RSH’s balance sheet as of 8-2-2014 reports about $1.149 billion in total assets. If it owned nothing, then its total assets would = 0!!
An article today says that RSH was “one of the very few outside the grocery business to be open as early as 8 a.m. [on Thanksgiving day]. A surer sign of management desperation is hard to conceive--or of management cluelessness, for that matter.”
I respectfully disagree with that person’s assessment of the wisdom of being open for business on Thanksgiving a.m. The best time to go shopping is at an hour when stores are not packed with customers. I, for one, welcome the opportunity to avoid crowds. I seldom go shopping on the weekends, for those are the days when most folks go shopping. I buy groceries, clothes, etc. during the week and at an hour where the store has a high probability of being sparsely populated with customers. It makes the shopping experience more pleasant, and it reduces my chances of catching the flu or other communicable disease. It also reduces the chances of some idiot driver crashing into my car and/or me having to park next to someone who will open their car door and ding my car.
So I applaud RSH’s decision to open early on Thanksgiving.
The text you criticize identifies RSH as "the first trusted national brand to offer these services in-house." A big difference exists (to me anyway) between taking my Camry to a Toyota dealer for repairs v. taking it to some unknown mechanic down the street. And I'm not speaking of trivial repairs (like changing the spark plugs) or changing the oil, both of which I do myself.
So I believe your criticism is misplaced.
A post says, “Defense Mobile link for Radio Shack gone on its site”. That text says to me that a link on Defense Mobil’s site that once linked to RSH’s site is gone. It’s hard for anyone to know of the specific link on Defense Mobil’s site to which that poster is referring, but please be informed that some links on Defense Mobil’s Army and Coast Guard sites do link to RSH’s site. They are there. I did not check all 5 service sites, but I checked 3 of the 5.
If you go to the Defense Mobil Marine home page and scroll down a ways, you will see Radio Shack’s name with a store finder feature. Enter a zip code, and it will point you to RSH stores within that zip code.
Bottom line: The links on Defense Mobile’s site to RSH stores are there and are easily found with some, but not too much, effort.
Let's be clear re the original question, which was, "What has really happened to Defense Mobil?
It's NOT on the Radioshack website." "It" refers to Defense Mobil, and the website mentioned is "the Radioshack website." A grade-school child should be able to understand that.
To those who cannot find "Defense Mobil" on RSH's site, go to http://www.radioshack.com/
Put your cursor on the SHOP link. Then look to the right of the screen under BRANDS. Lo and behold, there it is!
You clearly do not understand the significance of sample size to statistical inference. Your sample size is 1. The issue is what's happening at ALL of RSH's stores. To draw an inference about the performance of several thousand stores based on a sample size of 1 is foolish. Your sample of time is also inadequate.
You say, "As for B&M being dead not being able to compete I am not sure where you read that."
I read it on this board ad nauseam. Are you telling me that VZ stores do not sell phones? And are you telling me that RSH does not sell VZ telephone service along with telephones?
And your spelling is atrocious, especially since you are one of the "big brains" (at least you think so).