Radio Shack hires investment banker to sure up finances
0. phoneArena 21 Jul 2013, 22:14 posted on
With shares that have declined 90% over the last three years, the market capitalization of coast-to-coast electronics retailer Radio Shack is just $306 million; looking to rebuild its finances, the company, which has tried to become a national name in smartphone sales, has hired investment banker Peter J. Solomon according to those with knowledge of the company's plans...
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2. VLaRueC (Posts: 135; Member since: 18 Dec 2012)
Pretty sure Radio Shack it's spelled RadioShack. No space....
6. ojdidit84 (Posts: 421; Member since: 16 Jul 2011)
The Shack has been in trouble for a while. I worked for them from 02 to 06. When I started, shares were around $60 bucks. When I left they were barley at $8. Stores were closing. Majority of stores in my district were in the red year over year. They had to sell their corporate office in Ft Worth and lease a new building. Managers were getting shafted in their salaries and bonuses went from amazing to non-existent. They're a little late hiring this guy.