RadioShack turnaround in doubt, says UBS UBS said RadioShack's turnaround efforts have been impacted by the difficult operating environment and its financial flexibility is in a "perilous position." The firm notes the company's CD's have climbed 70% in the last month indicating the cost of doing business with counter-parties has gotten more expensive. The firm is skeptical limited store remodels will impact the entire chain and that new products will not change the company's perception. Shares are Sell rated with a 50c price target, down from 90c.
RadioShack names Harry Wilson as Chief Revitilization Officer Harry J. Wilson, founder and CEO of The MAEVA Group, will serve as the Chief Revitalization Officer of RadioShack, reporting to RadioShack CEO Joe Magnacca and the RadioShack Board.
RadioShack announces MAEVA Group to provide advisory services RadioShack announced that The MAEVA Group will provide advisory services to RadioShack's board and management as the Company moves forward with its operational and financial turnaround.