Top 10 Retail Stocks To Buy For 2016: Radioshack Corporation(RSH)
RadioShack Corporation engages in the retail sale of consumer electronic goods and services through its RadioShack store chain and kiosk operations. Its products include postpaid and prepaid wireless handsets and communication devices, such as scanners and global positioning system (GPS) products; home entertainment, wireless, music, computer, video game, and GPS accessories; media storage, power adapters, digital imaging products, and headphones; home audio and video end-products, personal computing products, residential telephones, and voice over Internet protocol products; digital cameras, digital music players, toys, satellite radios, video gaming hardware, camcorders, and general radios; general and special purpose batteries and battery chargers; and wires and cables, connectivity products, components and tools, and hobby products. The company also provides consumers access to third-party services, such as prepaid wireless airtime and extended service plans in its ser vice platform. In addition, it manufactures various products, including telephones, antennas, wires, and cable products, as well as various hard-to-find parts and accessories for consumer electronics products; and provides repair services. As of March 31, 2011, the company operated 4,467 company-operated retail stores under the RadioShack brand name in the United States; and 1,304 kiosks located in Target and Sam?s Club stores. As of December 31, 2010, it operated 211 company-operated stores under the RadioShack brand, 9 dealers, and 1 distribution center in Mexico; a network of 1,207 RadioShack dealer outlets, including 34 located outside of North America; and 4 distribution centers in the United States. Further, the company sells its products through its Website, radioshack.com. RadioShack Corporation was founded in 1899 and is based in Fort Worth, Texas.
Advisors' Opinion:- [By Will Ashworth]
RadioShack (RSH) just cant ! buy a break.
RadioShack’s plans to close 1,100 stores over the next five years were scuttled by lenders in mid-May when the terms for allowing it to do so were deemed unacceptable by RSH management and board. As a result, its closing fewer stores and will instead find other ways to cut costs.
- [By Steve Symington]
Shares of RadioShack (NYSE: RSH ) fell by more than 20% during Thursday's intra-day trading, after reports surfaced saying the electronics retailer is considering hiring a financial advisor to help fix its balance sheet. By the end of the day, however, the stock did manage to recoup the majority of its losses to close down just 7%.
- [By Ben Levisohn]
After RadioShack (RSH) released earnings yesterday, the folks at Wedbush have reiterated their belief that the beaten-down retailer’s stock is heading to $0. Analyst Michael Pachter and team explain:
Getty ImagesIt appears to us that RadioShack will quickly running out of liquidity options and must raise capital in order to survive this holiday season. The company proposed several alternatives, including a sale, a partnership through a recapitalization and investment agreement, and in or out-of-court restructuring. RadioShack anticipates announcing a recapitalization alternative in the near term. We believe the most expedient and likely solution is a prepackaged bankruptcy.
Reiterating our UNDERPERFORM rating and 12-month price target of $0 as declining CE sales and continued margin erosion will likely compel the company to enter bankruptcy in order to pursue its turnaround. Our price target reflects our expectation that creditors will force a reorganization and wipe out RadioShacks equity.
Shares of RadioShack have dropped 10% to 92 cents at 2:34 p.m. today.
- [By Chris Hill]
Boeing (NYSE: BA ) deals with the fallout of another 787 Dreamliner fire. WebMD (NASDAQ: WBMD ) rises after forecasting ! higher re! venue and profits. UPS (NYSE: UPS ) falls after cutting guidance on July 23 earnings. And RadioShack (NYSE: RSH ) rises on reports the retailer is talking to investment banks about how to improve the business. In this installment of Investor Beat, Motley Fool analysts Jason Moser and Ron Gross discuss four stocks making moves today.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-retail-stocks-to-buy-for-2016.html
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