RadioShack May Gain Second Life Thanks to Shareholders
Sep 26, 2014, 3:13 PM by Eric M. Zeman
A major RadioShack shareholder plans to invest more cash in the business in order to improve its liquidity. RadioShack is facing a cash crisis. As of last month it had just $30.5 million in the cash and owed creditors $658 million. Standard General is still discussing the particulars with RadioShack and its other creditors. The hedge fund, along with new, unnamed investors, believe they can buy out RadioShack's loans and get the company back on its feet. Standard General raised its stake in RadioShack from 7.08% to 9.8%, making it the single largest shareholder. The investors hope to shore up RadioShack ahead of the crucial holiday shopping season. RadioShack sells cell phones and wireless service from AT&T, Sprint, and Verizon Wireless alongside other consumer electronics.
Comments
They need to
Find a way to subsidise phones even more so and make it easier for lower income folks to have nice phones.
I don't know how it is elsewise in the country but they need to close stores that are within 5 miles of each other. Over saturation of their market is killing them as well.
Re-educate their workforce, similar to Apple techs in Apple stores. Make them a go to source of information and tech knowledge as they used to be once.
Don't go back to T-Mo no matter what. They never made money with that horrible carrier.
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> their quality or lack of it, doesn't justify their higher prices.
You can't just lower prices at a convenience-store-style business. They need to get exclusive products, even just with minor-yet-intellige...
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However prices cannot be lowered too much. I ran a radioshack and we made, ...
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