Tuesday, August 12, 2014

"RadioShack’s Comeback Effort Is ‘Highly in Doubt,’ UBS Says" $RSH

"RadioShack Corp.’s turnaround attempt is 'highly in doubt' and new remodeled stores are unlikely to change the electronics chain’s tarnished reputation, according to a report from UBS AG. The company’s effort to revamp its shops and product lineup 'has been akin to throwing things against the wall to see what sticks, 'Michael Lasser, a UBS analyst in New York, said in the report yesterday. 'The company is running in a perilous position with dwindling financial flexibility,' Lasser said."

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