Thought I would post this, it came to my attention while I was logged into Etrade, and it impacts the future of XMods.
Quote:
This year, RadioShack (RSH) has been the subject of a variety of buyout rumors. The latest has come from a story in the New York Post, indicating that the company has retained JP Morgan (JPM) to explore strategic options, such as a possible leveraged buyout. A deal may be worth as much as $3 billion.
On the news, the shares of RadioShack were up 8.85% to $23.73 in mid-afternoon trading.
In light of the relentless changes in the retail landscape -- especially the current dominance of big-box retailers like Wal-Mart (WMT) and Best Buy (BBY) -- RadioShack certainly needs to think about shareholder value. Just look at the problems Blockbuster Video (BBI) is having, and the emerging issues at H&R Block (HRB); both are feeling the pain from Internet-based competition.
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