In the following video, Motley Fool consumer goods analyst Blake Bos takes a look at the dramatic drop in RadioShack's share price since last Friday, down around 16% on rumors that the company was in talks with financial advisors regarding financing to aid liquidity problems. Blake tells investors that the company has since dispelled these rumors, and has a strong amount of liquidity on its balance sheet, around $820 million. Blake then highlights the real story that he feels Wall Street is missing: a roll-out of several new concept stores in NYC, New Jersey, and Texas over the next few weeks. He tells us why he likes the dramatic redesign of these stores, why he's optimistic that this small bet is definitely on the right track to turn the brand around, and why he isn't concerned about liquidity in the short term.
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The article The RadioShack War: New Stores and Wall Street originally appeared on Fool.com.
Blake Bos owns shares of RadioShack. The Motley Fool owns shares of RadioShack. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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