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Yes, but you have to listen very carefully, as they are very soft-spoken when they speak...
Posted on 09/10/2014 1:54:31 PM PDT by SeekAndFind
Thoubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year.
The stock fell as much as 20 percent to 76 cents on Wednesday, adding to a 23 percent plunge on Tuesday.
"Our price target reflects our expectation that creditors will force a reorganization and wipe out RadioShack's equity," Wedbush analyst Michael Pachter wrote in a note.
Pachter, rated four stars out of five by StarMine for the accuracy of his calls on RadioShack, is the second top rated analyst to cut the stock's price target to $0 this year.
RadioShack's stores, which have been around for more than 90 years, were once the go-to shops for budding innovators and engineers for products that ranged from vacuum tube speakers to the first mass-produced PC, the TRS-80.
But the retailer has not done enough to transform itself into a destination for mobile phone buyers, losing out to rivals such Amazon.com Inc and Wal-Mart Stores Inc.
(Excerpt) Read more at mcall.com ...
That is a sweet radio!
Still have my STA-90 “Quatrovox” stereo.
And “Astronaut 8” from the early 70s.
And various CBs, both mobile and walkie-talkies.
Will never part with any of it.
The second the salespeople glom me to sell me a new phone, I just say "Where are the drawers. I need the drawers".
You know, where they keep the raw electronic parts and components that they had no idea even existed in their store.
The day they get rid of the drawers is the day I never enter RS again.
Turns out, a business model that relies on profits generated by 2000% markups on components easily found on Amazon isn’t horribly strategic.
Radio shack decided that it didn’t like men and boys.
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Yes, but you have to listen very carefully, as they are very soft-spoken when they speak...
Best Buy is next.
The internet made SWL obsolete.
Does anyone remember Lafayette Electronics? Or is it still around? I used to own a one of their powerhouse stereo receivers in the early 1970s and liked it.
Amen. I have fond memories of watching my dad put together Heathkit components. That was good quality and a great learning experience.
I had one of those, too.
Your assessment is 100% spot on. I buy there in a pinch for components for projects I’m working on, otherwise I use Mouser or Newark. I feel sorry for the staff whose heads are about to be chopped.
I remember Lafayette, now that you mention it, in the 70s. Was another parts source for me at the time. RS is a dinosaur. Hobbyists get their components on the internet these days, and at much better prices.
Didn’t see your post.At least two of us remember.
Totally overpriced merchandise now - ah, but somewhere in my attic I still have my original 16K RadioShack computer that I had so much fun programming in BASIC - the first time I sent a real file to the attached floppy disc drive and then retrieved it and displayed it on the TV monitor - what a kick.....
The kids today don't know what they are missing (back cover of a 1961 Analog Fact-Fiction magazine):
“Do they still have transistor radios there? Haven’t been in a Radio Shack in decades........,..”
Yes, they do. That was one of the few things I went there for over the last 15-20 years.
Amen also. Same memories to a degree, I actually built most of them, not Dad. Now lets not forget Allied Radio, or the tad more troublesome EICO. We may want to forget any shocks on steel chassis’s of Halicrafters. B+ does send one across the room in a Jolt!
Carts/horses Eggs/baskets / politicians / the Gov Center in Boston “erased” all the old electronic part houses. Scollay square anyone?
I have a STA-80 receiver hooked into my stereo.
I just use it for AM/FM. It is one of the most sensitive receivers I ever listened to.
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