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

Saturday September 13, 2014

RadioShack Says Company May File for Bankruptcy

Alas, poor RadioShack, we knew ye well. It’s been coming for the past ten quarters and is not looking good for the venerable home to electronic enthusiasts and hobbyists, dating all the way back to its heyday the 60’s and 70's. Unable to keep pace with the more trendy companies like Best Buy, RadioShack is now facing bankruptcy protection.

I don't think that the chances are great that RadioShack survives, Tawil said, adding that the company's credit default swaps were trading higher, pointing to market expectations of a near-term debt default.