Thursday, December 11, 2014

"RadioShack Cost Cuts Way Too Late To Save Them, Says Wedbush" $RSH


"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 RadioShack's equity."

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