Tuesday Feb 3 2015
We have followed the misfortunes of Radio Shack RSH for some time. Now the NYSE has de listed the stock. RSH has not filed a re organization plan and the stock price has fallen to 24 cents. It is worthwhile to read the NYSE Statements.
Rumors are that one or more mobile phone companies may buy some stores or perhaps Amazon.
Electronic retailers are famous for flaming out after short term success, Crazy Eddie being a famous case in point. RSH succumbed to on line retailing the demise of audio systems, and do it your self types. I mean when was the last time you saw someone using a soldering iron?
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