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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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posted on 21 Jul 2013, 22:39

1. GoVinci (Posts: 16; Member since: 13 Dec 2011)


Did you guys mean "shore up finances"?

posted on 22 Jul 2013, 00:10

2. VLaRueC (Posts: 106; Member since: 18 Dec 2012)


Pretty sure Radio Shack it's spelled RadioShack. No space....

posted on 22 Jul 2013, 09:25 1

5. lsutigers (Posts: 694; Member since: 08 Mar 2009)


Are you serious?????

posted on 22 Jul 2013, 00:10

3. VLaRueC (Posts: 106; Member since: 18 Dec 2012)


*is spelled

posted on 22 Jul 2013, 00:13

4. thequota (Posts: 27; Member since: 02 Apr 2013)


radio shack is dead.

posted on 22 Jul 2013, 09:44

6. ojdidit84 (Posts: 250; 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.

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