RadioShack (RSH) Reports Q2 Loss of $1.00/Share; Working on Possible Debt Restructuring
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September 11, 2014 2:12 PM EDT
Standard & Poors Ratings Services today lowered its corporate credit rating on Fort Worth, Texas-based RadioShack (NYSE: RSH) to 'CCC-' from 'CCC'. The rating outlook is negative.
At the same time, we lowered the rating on the companys senior unsecured notes to 'C' from 'CC', two notches below the corporate credit rating. The... More
September 11, 2014 7:29 AM EDT
RadioShack (NYSE: RSH) discussed its liquidity in a 10-Q filing Thursday. It also noted going concern risks (link).
From the Filing:
"LIQUIDITY
We have experienced losses for the past two years that continued to accelerate into the second quarter of fiscal 2015, primarily attributed to a prolonged downturn in our business. Our ability to generate cash from operations depends in large part on the level of... More
September 10, 2014 3:52 PM EDT
RadioShack (NYSE: RSH) Gains; Loan Prepared by UBS, Standard General - Bloomberg
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September 10, 2014 3:50 PM EDT
(Updated - September 10, 2014 3:56 PM EDT)
RadioShack (NYSE: RSH) loan said to be prepared by UBS and Standard General.
UPDATE - Bloomberg reported Wednesday that the plan would first involve using the money to refinance debt outstanding under a $535 million... More
September 10, 2014 11:19 AM EDT
RadioShack (NYSE: RSH) shares are lower heading into the company's Q215 report, which is expected out before markets open Thursday.
The Street doesn't currently have estimates for RadioShack.
Money flow on the name is negative $230,000 for an uptick-to-downtick ratio at 0.83 times,... More
