The future has looked dire for RadioShack for a while. Technology moves fast, and shoppers long ago began looking elsewhere to satisfy their electronic needs. Earlier this month, RadioShack issued a truly ugly earnings report in which it posted a $98.3 million loss and said sales at stores open at least one year fell 14 percent. A day after those figures were released, B. Riley analyst Scott Tighman slashed his price target on the stock to $0 from $1 and said there was “no recovery in sight.”
…The consensus circulating among analysts is that the clock is ticking on RadioShack. Many have gone as far to say that the next stop for the company is bankruptcy.
See previous RadioShack coverage here.
Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground” – Adafruit’s Apps!
Maker Business — Transforming Today’s Bad Jobs into Tomorrow’s Good Jobs
Wearables — Snap a picture
Electronics — To Y5V or not to Y5V?
Biohacking — Ticks are Spreading an Allergy to Meat
No comments yet.
Sorry, the comment form is closed at this time.