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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (10773)	4/20/2007 11:16:05 AM
From: Smiling Bob	Respond to of 19257

Breathing room until they find something to sell? This translates into essentially starting from scratch concurrent with funneling shrinking $$$ into a flea circus. Now there's reason to bid this up 1% a day!!! --- Ahead of the Bell: RadioShack Job Cuts Friday April 20, 9:13 am ET RadioShack Will Cut 280 Jobs in April, Analyst Commends Cost-Cutting Efforts NEW YORK (AP) -- Wall Street applauded RadioShack Corp.'s plan to cut 280 jobs this month, with a Credit Suisse analyst agreeing that the electronics retailer needed to reduce its "bloated infrastructure." The company said Thursday it will take a first-quarter charge of $8.5 million to account for severance and other costs, and expects the moves to generate pretax savings of $30 million a year. Credit Suisse analyst Gary Balter said RadioShack will save 14 cents per share for the year, though it will have difficulty matching last year's first-quarter results. Balter upped his price target to $30 per share from $25, praising the company's efforts to keep expenses down, and reiterated an "Outperform" rating on the stock. "The employee cuts and other expense savings provide the company breathing room until it finds categories and services that it can use to expand gross margin drivers," he said in a note to clients. RadioShack shares closed at $27.95 Thursday on the New York Stock Exchange.