It's nice to see a sense of urgency here, but many investors probably see this as "too much, too little, too late." There's little doubt that the company will be closing some stores, and there's also the possibility of some asset sales. Both may be necessary if RadioShack hopes to survive. In terms of resources, there's still $536 million in cash on the books, and $391 million remaining on a revolving credit agreement. Debt at $778 million is an issue, and a concern. The company's convertible notes, with principal of $287 million mature in August, and that will need to be addressed soon. The remaining debt matures in 2016 and later. Taking into consideration RadioShack's latest balance sheet data, the company still trades at a relatively small multiple of net current asset value, at 1.08 times NCAV. This is "owning ugly" at its finest. If the company can regroup, and emerge as a smaller, profitable entity, owning RadioShack here will be viewed in hindsight as a "deep value" play. If the downward spiral continues, it will be seen as a fool's errand. I've been on both sides of that equation a time or two. At the time of publication, Heller had was long RSH.Follow @jonmhellerCFAThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.