Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday June 21, 2014

RadioShack Stock Drops to Under One Dollar

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.