CommanderFrank
Cat Can't Scratch It
- Joined
- May 9, 2000
- Messages
- 75,400
Hard times for the company that used to be the equivalent to Best Buy back in the 80’s. Stock for RadioShack dropped below the $1 barrier paving the way for RadioShack to be delisted from the Stock Exchange, which usually sounds the death knell for most companies.
Earlier this month, RadioShack reported a $98.3 million loss and a 14% drop in revenues, marking the ninth consecutive quarter that sales fell at the chain.