Can you beat 50% per month? Message Board

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Strategies & Market Trends : Can you beat 50% per month?

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To: Smiling Bob who wrote (11333)	7/31/2007 9:29:28 AM
From: Smiling Bob	Read Replies (1) of 19256

RSH - what ashame... --- Ahead of the Bell: RadioShack Tuesday July 31, 8:22 am ET Analyst Downgrades RadioShack After 2Q Sales Drop 15 Percent NEW YORK (AP) -- A Citi Investment Research analyst downgraded shares of RadioShack Corp. on Tuesday after the electronics retailer reported 15 percent lower sales in the second quarter. RadioShack on Monday swung to a second-quarter profit but said soft sales of wireless phones -- a key part of the company's business -- caused total revenue to tumble below Wall Street expectations. Citi's Bill Sims downgraded the stock to "Sell" from "Hold" and said RadioShack's wireless business remains pressured and is not likely to rebound soon because of declining market share and other factors. Sims said RadioShack is losing market share to direct channel retailers such as Sprint Nextel Corp., Verizon Communications Inc., and Cingular. "With the direct channel finding it more profitable to sell phones through their own stores than through RadioShack, they are increasingly opening stores next to Radio Shack with better merchandising, contracts, etc. and winning share as a result," Sims wrote in a client note. Sims, who cut his price target to $20 from $32, was bearish on sales and margin improvement in the future.

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