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Apocalypse, End Times, Disasters & Survivalism
Malls going away
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<blockquote data-quote="HDRKID" data-source="post: 86809" data-attributes="member: 43"><p>OK so radio shack keeps on doing worse. Back in 2005 is was over $30 and now it is less than one. There is talk of it being delisted from the stock exchange soon. People, we are being lied to as things unravel in our deindustrialization process. Yesterday, I was in radio shack and they had a $200 camera for $50 now. It is on clearance as they reduce the number of items they will carry. Basically, they are turning into a phone store, but they have to compete with T-Mobile, best buy, verizon an many more. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite40" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /></p><p></p><p>TAKEN FROM <a href="http://www.fool.com/investing/general/2014/07/17/how-radioshack-made-billions-disappear.aspx" target="_blank"></a></p><p><a href="http://www.fool.com/investing/general/2014/07/17/how-radioshack-made-billions-disappear.aspx" target="_blank"> How RadioShack Made Billions Disappear (RSH)</a></p><p><a href="http://www.fool.com/investing/general/2014/07/17/how-radioshack-made-billions-disappear.aspx" target="_blank"></a></p><p><em>The retailer took on debt to fund those buybacks, and its turnover strategy, which involved closing 1,100 stores, was nixed by creditors who invoked covenants saying the company would only be able to close 200 stores or would otherwise have to liquidate. In its last four quarters, RadioShack has lost nearly $500 million, and without the ability to close unprofitable stores, it seems unlikely that the company will survive.</em></p><p><em></em></p><p><em><a href="http://video.cnbc.com/gallery/?video=3000287284" target="_blank">Analyst says &#039;bankruptcy odds climbing&#039; for RadioShack</a></em></p><p><em></em></p><p><em></em></p><p><em>[MEDIA=youtube]fl3MtK51M5M[/MEDIA]</em></p></blockquote><p></p>
[QUOTE="HDRKID, post: 86809, member: 43"] OK so radio shack keeps on doing worse. Back in 2005 is was over $30 and now it is less than one. There is talk of it being delisted from the stock exchange soon. People, we are being lied to as things unravel in our deindustrialization process. Yesterday, I was in radio shack and they had a $200 camera for $50 now. It is on clearance as they reduce the number of items they will carry. Basically, they are turning into a phone store, but they have to compete with T-Mobile, best buy, verizon an many more. :( TAKEN FROM [url="http://www.fool.com/investing/general/2014/07/17/how-radioshack-made-billions-disappear.aspx"] How RadioShack Made Billions Disappear (RSH) [/url] [I]The retailer took on debt to fund those buybacks, and its turnover strategy, which involved closing 1,100 stores, was nixed by creditors who invoked covenants saying the company would only be able to close 200 stores or would otherwise have to liquidate. In its last four quarters, RadioShack has lost nearly $500 million, and without the ability to close unprofitable stores, it seems unlikely that the company will survive. [url="http://video.cnbc.com/gallery/?video=3000287284"]Analyst says 'bankruptcy odds climbing' for RadioShack[/url] [MEDIA=youtube]fl3MtK51M5M[/MEDIA][/I] [/QUOTE]
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Malls going away
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