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News Breaks
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November 18, 2009
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| 21:46 EDT |  | RSH |
| theflyonthewall.com: | Barron's suggests it could be time to take some profits in RadioShack | | Left for dead by most investors early in the year, RadioShack (RSH) has stagged an impressive 200% rebound since bottoming in March. At 11.9 times consensus earnings estimates for 2010, RadioShack trades at a below-market multiple. Unfortunately, that could still be full value for a company that is not growing its store base and will continue to face competition from larger rivals, says Barron's. Wireless-related sales have helped to quiet RadioShack's critics this year, with sales in its wireless category grew 40% in Q3. Still, overall same-store sales remained negative for the quarter, weighed down by items like laptops, navigation devices, batteries and digital television converter boxes. The macroenvironment could make that difficult for RadioShack to try and grow its same-store sales to boost earnings, particularly for a retailer of electronics, a rather discretionary category. As the company rebrands itself, investors will have to make do with limited information as the company doesn't hold conference calls every quarter to discuss results. Many analysts will be waiting to get more information on profitability before shedding a bearish attitude on shares. Bottom-line; Barron's would avoid the stock. Reference Link :theflyonthewall.com |
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February 3, 2012
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| 10:31 EDT |  | RSH |
| theflyonthewall.com: | On The Fly: Analyst Downgrade Summary | | Today's noteworthy downgrades include: Research in Motion (RIMM) downgraded to Underperform from Hold at Jefferies...Cablevision (CVC) downgraded to Underweight from Neutral at JP Morgan...Edwards Lifesciences (EW) downgraded to Market Perform from Outperform at Wells Fargo...Rofin-Sinar (RSTI) downgraded to Neutral from Overweight at Piper Jaffray...Kforce (KFRC) downgraded to Hold from Buy at Deutsche Bank...Airgas (ARG) downgraded to Neutral from Buy at Goldman...Vertex Pharmaceuticals (VRTX) downgraded to Neutral from Buy at Goldman...Aetna (AET) downgraded to Buy from Conviction Buy at Goldman...Amerigroup (AGP) downgraded to Neutral from Buy at Goldman...ONEOK (OKE) downgraded to Neutral from Buy at Citigroup...Acme Packet (APKT) downgraded to Underperform from Neutral at Mizuho...RadioShack (RSH) downgraded to Equal Weight from Overweight at Morgan Stanley...Brocade (BRCD) downgraded to Market Perform from Outperform at JMP Securities...Merck (MRK) downgraded to Neutral from Buy at Davenport...CarMax (KMX) downgraded to Sector Perform from Outperform at RBC Capital...International Paper (IP) downgraded to Sector Perform from Outperform at RBC Capital...Abercrombie & Fitch (ANF) downgraded to Neutral from Outperform at Macquarie...Rowan Companies (RDC) downgraded to Neutral from Outperform at Macquarie. :theflyonthewall.com |
| | 07:10 EDT |  | RSH |
| theflyonthewall.com: | Stocks with implied volatility below IV index mean; RVBD RSH | | Stocks with implied volatility below IV index mean; Riverbed (RVBD), RadioShack (RSH) according to iVolatility. :theflyonthewall.com |
| | 06:31 EDT | | RSH |
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February 2, 2012
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| 07:13 EDT | | RSH |
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February 1, 2012
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| 06:51 EDT | | RSH |
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January 31, 2012
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| 23:20 EDT |  | RSH |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer explained that Tuesday's earnings were a perfect dichotomy of what's working and what's not. On the good side, there was Mattel (MAT), which reported revenues up 16% with good margins and boosted its dividend by 35%. Cramer said its no wonder this great company hit a new 52-week high and rallied 5% on this great news. Also on the plus side, Limited Brands (LTD), whose brands like Victoria's Secret and Bath & Body Works helped this retailer raise its dividend by 25%. Then there was the bad, said Cramer, and that came in the form of Exxon-Mobil (XOM). Even with impossibly high oil prices, this pitiful giant saw production fall by 8% and refining profits nose-dive by 63%. Cramer said Exxon did also boost its dividend, but with almost no growth and falling profits, the company offered little to impress investors. Finally, Cramer said there was the ugly, with was undeniably Radio Shack (RSH). Cramer could hardly contain himself when conveying that management actually blamed a key supplier, Sprint (S), for what was a massive earnings shortfall that sent shares plummeting down 33%. Cramer called Radio Shack pathetic and said its shares deserved the beating it received. He said great companies that reward shareholders are being rewarded by the markets, while those that cannot deliver growth, earnings, or even a valid reason for not hitting their targets are seeing their stock prices crushed. OFF THE CHARTS: Cramer and his technical colleagues discussed the much talked about "golden cross" pattern that the markets displayed earlier Tuesday and what it means for the rest of the year. After weighing all of the evidence, Cramer said he agreed with his colleagues that crosses, by themselves, cannot be taken too seriously. He said what matters are individual companies' performance and not arbitrary indicators. For the next installment of his "Show-Off Stocks," Cramer turned the spotlight onto Polaris Industries (PII), which recently reported a 2c earnings beat, sending shares just 2% off their all-time highs despite a down-beat guidance. Cramer said that Polaris has a lot going for it, including a five-year partnership with Bobcat, makers of light construction equipment, and its growing international business. Europe only accounts for 10% of Polaris' sales. Even with shares up big so far this year, Cramer said that Polaris is still a cheap stock. He would be a buyer on the next market dip. EXECUTIVE DECISION: Cramer once again spoke with Tom Farrell, chairman, president and CEO of Dominion Resources (D), a defensive utility stock with a hefty 4.2% dividend yield. Cramer said that Dominion remains one of his favorite utility stocks and should be a core holding of any portfolio. LIGHTNING ROUND: (Bullish) BGS; JCP; TRP. (Bullish) YPF; TSN. Reference Link :theflyonthewall.com |
| | 16:25 EDT |  | RSH |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were mixed, as the Dow was weighed on by Exxon Mobil (XOM) and Pfizer (PFE), which both sold off following their quarterly reports. Stock futures were higher during the pre-market trading session but weakened slightly following the lower than expected results from the Case/Shiller Home Price survey. The market opened higher but never really gained any upside momentum. Shortly after the open, investors saw the release of the Chicago Purchasing Managers report, which came out well below expectations, followed by a lower than expected consumer confidence reading. The market lost all of its momentum and soon moved into negative territory. The averages drifted higher in the second half of the day, eventually turning mixed, though the Dow was unable to join the Nasdaq in the green... ECONOMIC EVENTS: In the U.S., home prices fell again in November according to the S&P/Case-Shiller index, which showed they declined 1.3% from the previous month. The Chicago Purchasing Managers report reading of 60.2 was below the expected reading of 63.0. The Conference Board's consumer confidence reading of 61.1 also disappointed, as analysts expected a reading of 68.0. In Europe, 25 of 27 EU members, excluding the U.K. and the Czech Republic, agreed in principle on elements of their eventual fiscal union... MARKET NEWS: The slide in shares of Exxon Mobil following its earnings report weighed on the Energy sector and on the Dow. The company's overall earnings and revenue beat estimates but its "downstream" profits plummeted from the same quarter last year... Fellow Dow component Pfizer reported earnings and sales that beat Street expectations but it cut its FY12 view, sending its stock lower... MAJOR MOVERS: Among the notable gainers were PAREXEL (PRXL), up $3.64, or 17.79%, to $24.10, after its Q2 revenues were significantly higher than forecast, and magicJack VocalTec (CALL), up $2.09, or 12.14%, to $19.30, after being initiated with an Outperform rating and $24 price target at Oppenheimer. Noteworthy losers included Polypore (PPO), down $16.26, or 29.92%, to $38.08, after one its customers, Korea's LG Chem, said it plans to enter the battery separator business, and RadioShack (RSH), down $3.05, or 29.81%, to $7.18, following its pre-announcement of Q4 results that fell well below expectations... INDICES: The Dow fell 20.81, or 0.16%, to 12,632.91; the Nasdaq rose 1.90, or 0.07%, to 2,813.84; and the S&P 500 lost 0.61, or 0.05%, to 1,312.40. :theflyonthewall.com |
| | 13:50 EDT | | RSH |
| | 12:16 EDT | | RSH |
| | 12:00 EDT |  | RSH |
| | 10:00 EDT | | RSH |
| | 09:58 EDT | | RSH |
| | 09:41 EDT | | RSH |
| theflyonthewall.com: | Gappers report: Bearish gaps | | This is a list of stocks making unusual moves on the open versus the prior day close. Gapping stocks often have excessive movements during the day and in the days thereafter. We use 5% for filter criteria and scanned for stocks that traded above $10 the prior day. GAPPING DOWN: RSH (29.52%), CRVL (8.50%), AVY (7.53%), OPOF (7.23%), REXX (7.16%), MTH (5.96%), ALGN (5.12%). :theflyonthewall.com |
| | 09:00 EDT | | RSH |
| theflyonthewall.com: | RadioShack falls 32% | | RadioShack is down 32%, or $3.27, to $6.96 :theflyonthewall.com |
| | 08:25 EDT | | RSH |
| | 08:12 EDT | | RSH |
| | 07:22 EDT | | RSH |
| theflyonthewall.com: | RadioShack volatility low into negative guidance | | RadioShack overall option implied volatility of 41 is below its 26-week average of 54 according to Track Data, suggesting decreasing price movement into the company lowering FY12 net income guidance. :theflyonthewall.com |
| | 07:17 EDT | | RSH |
| | 06:48 EDT |  | RSH |
| theflyonthewall.com: | RadioShack price target lowered to $8 from $10 at UBS | | UBS lowered RadioShack's price target following the Q4 pre-announcement. Shares are Neutral rated. :theflyonthewall.com |
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January 30, 2012
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| 16:31 EDT | | RSH |
| | 16:27 EDT |  | RSH |
| theflyonthewall.com: | RadioShack to suspend share repurchases for the near term | | The company said it will instead reinvest in its business and return value through its quarterly dividend. :theflyonthewall.com |
| | 16:26 EDT | | RSH |
| | 16:24 EDT | | RSH |
| theflyonthewall.com: | RadioShack sees FY12 CapEx $70M-$90M | | Expects to deliver FY12 modestly positive free cash flow. The company said it also expects FY12 net income to be down compared to FY11, with very challenging comparisons in Q1 and sequential quarterly improvement in the remainder of the year. :theflyonthewall.com |
| | 16:23 EDT | | RSH |
| | 16:22 EDT | | RSH |
| theflyonthewall.com: | RadioShack sees Q4 SSS increased 2% | | Sees consolidated gross margin approximately 35%. The company said the decrease in gross margin reflects a shift in mix within mobility sales towards certain lower margin smartphones and mobile devices. :theflyonthewall.com |
| | 16:21 EDT | | RSH |
| theflyonthewall.com: | RadioShack sees Q4 EPS 11c-13c vs. consensus 37c | | Sees Q4 revenue $1.39B vs. consensus $1.35B :theflyonthewall.com |
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