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The market cap is the market's over exaggeration of the situation RSH is in.
Yes they are not doing well - and have not been doing well for quite some time. However, as you point out, they still bring in BILLIONS in revenue! Why do people keep saying its a dying industry? Billions of revenue means there is still a viable business here. All RadioShack needs to do is find someone who can figure out how to turn billions in revenue into actual profit in the bank.
If the lenders wouldn't block the 1,100 store closures I think RSH would be well on its way to becoming profitable again.
I should have bought some of the 2's. Small price to pay if RSH has a big bounce.
Oh well, still watching from the sides and rooting for the longs.
I show a close at 0.38 for a GREEN day.
Your welcome.
Done.
December 11, 2014... Not breaking news. You're welcome.
March 5, 2014... Not breaking news. You're welcome.
Money isn't the problem.
They make big revenues.
The problem is no one has been able to turn those revenues into profit in a LONG time. There is someone out there who has the right plan, just depends on whether RSH can last long enough to get that plan in place.
I show RSH closed at 0.39, UP 5.41% for the day.
Are you sure you're looking at the right ticker?
up 2.63%
FYI - up = green...
Volume shows 0, but my L2 shows 5 shares traded at .001 at 10:31.
Ask is back to 0.0001 so it must have been a fluke.
I'm still on the sidelines, but have been following the board for a while after a very successful trader earlier this summer.
Most people on here are not investing/trading on fundamentals. We ALL agree how terrible they are. The justification for a trade is based on whether or not you think RSH (who brings in billions in revenue every year) can come up with, and successfully execute, a plan to cut losses and increase profits before they go bankrupt.
The revenues are there en masse. Can someone figure out out how to turn that back into a profit?
A million shares in the first 6 minutes of trading. That's a fast start!
I remember reading about these a while back.
Great concept, especially for the guys with a regular 9-5 job who might have an idea for a viable product but don't have the tools and resources to build a concept.
As have I when I first got out of college.
Tough lesson to learn but glad I did it at an early age when I didn't need the money I lost.
FYI - I do not trade pennies anymore and don't consider RSH a "penny" stock just because its under a buck a share. At least it is a real company and not just a shell like most.
10.6% was the yield the last time the dividend was paid (2012). Don't know why their automatic chart feed is still showing that. Don't care.
Article Link
There's Radioshack the company, and RSH the stock. Some people with a lot of money tied up in RSH swaps ($25B) need RSH to succeed in order to make a huge profit.
How much money do you think these guys would throw down in an attempt to save the company from bankruptcy? My guess is the amount is many times higher than the amount of cash RSH would need to cover all its debt and close those 1,100 stores.
Remember, its not just lenders pulling the strings. There is a lot of money tied up in RSH's stock and those big traders don't like to lose.
Will be interesting to watch the tug-of-war.
That's what some people on the board forget.
RSH still brings in a massive amount of revenue, they just need someone competent at the helm that can reduce op-ex to something LESS than $3B.
Can it be done? Absolutely.
Will it be done before cash runs out? Who knows (looking less likely by the day).
Watching RSH for now to see if someone can figure out how to stop spending more money than they take in.
Yep, we all knew the numbers would not be good.
I'm watching to see if they can they handle executing a turnaround plan over the coming 4 quarters.
Tape is ask-heavy at 0.52. Some 200k shares wanting to be unloaded.
Could be smart to play a straddle or strangle into the earnings report.
Either way there should be a good deal of volatility making a call/put combo near current market price a less-risky way to profit.
I'm still watching from the sidelines but am interested to see how it all shakes out.
Link?
Hey if its anything like the AAMRQ story, it could be a great thing for traders!
That's a long time to talk to a store manager.. :)
I expected inventories to be lower at SOME Shack's compared to what a normal store would hold on Black Friday. Lenders probably playing games withholding inventory as well as RSH reluctant to take on too much product with their future on very shaky ground.
Unlike your experience, the RadioShack near my house was fully stock with drones, RC cars, and electronics hobby components (sensors, arduinos, etc.).
RSH could also have diverted the quality products to stores that typically outperform in order to increase their profitability over the weekend.
Nope, you're right.
My chart stopped refreshing and it looked like price and volume were up to the minute.
Looks like it halted about 10:03?
Thanks.
It was halted for a few minutes earlier in the morning..
This news falls along the theme of what we have been talking about on this board - The lenders have RSH by the short hairs and they think they will be able to make (recoup?) more money in bankruptcy than if RSH tries to save itself. Looks like they are making strategic moves to help "guide" RSH toward BK.
As stated previously, over and over in fact, we all know RSH will have negative earnings this quarter (and likely several more).
Choosing to invest/trade RSH is based on what you think they will do from this point forward.
Negative earnings are expected - Will they revamp their business plan and set out on a path to saving the company? Or will they ultimately go bankrupt and shut the doors?
That's the trade.
I've been trying to explain this very point for months now.
It falls on deaf ears to some because they don't actually care about logic, only in increasing their post count.
Just the fact the RSH does anything by mail tells you how outdated they truly are..
time for a refresh
Not saying it will happen, but many companies have "come back from the grave".
It will, however, take a completely new and competitive business plan on the part of RSH
.8673, I guess it dropped like a rock UP from 0.86?
Good call.
{hug}
LOL where's your $0.00-$0.50? LOL get some new "zingers" LOL. BRB JK Your Welcome
{hug}
No... 89 is where it dropped to.
Would have been more accurate if you had said "92 and dropping LOL BRB JK"
{hug}
Where's your $0.00-$0.50 range?
Posting just to post.
Not sure numbers will be any better...yet.
Still think there's a chance for a turnaround, but, nothing drastic happened this past quarter that would stem the losses and/or increase the revenue.
Only thing we might see is RSH showing they have access to more cash.
I'm good just watching for a few quarters to see what happens.
$1.20 was the high of the day, not the closing price.
Average closing price for October (from google finance historial data) was $0.9218.
Average daily volume for the month was 3,266,494.