Wednesday, April 9, 2014

"RadioShack to Close Up to 1,100 Stores" $RSH


"In a sign of the level of concern that the chain could run short on cash, RadioShack revealed that some of its suppliers have demanded letters of credit to guarantee they'll get paid. Such obligations now cover more than $67 million of payments, down from about $121 million at the end of 2013. The company said it has enough cash and borrowing ability to cover its needs for the year."

1 comment:

eah said...

I made good money shorting RSH some years ago, but lost interest afterward. Sad downward spiral.