The troubled electronics retailer continues to struggle and bankruptcy rumors swirl, the Wall Street Journal reports.
Investors appear to be most concerned about the company's cash position. As of May 3, they had $61 million in the bank, down from $180 million at the end of 2013. The company said earlier this month that it had enough cash to last at least 12 months, but that's contingent on an immediate improvement in sales and margins, no easy feat, the Journal said..
TheStreet Ratings team rates RADIOSHACK CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIOSHACK CORP (RSH) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: