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

To: Leebert who wrote (10811)	4/29/2007 11:55:42 AM
From: Smiling Bob	Respond to of 19257

That was from theonion.com. Unusual that a non-finance related site feels RSH is such a joke it's worthy of parodying. They question what shorts are...how is this thing surviving? I stopped by a store last night. They don't have room to display anything larger than a few 30" screens. 2 kids inside playing with phones and two salespeople twiddling fingers. Now this --- RadioShack to bar media at annual meeting By HEATHER LANDY STAR-TELEGRAM STAFF WRITER FORT WORTHRadioShack Corp. plans to bar reporters from its annual meeting next month, perhaps in keeping with Chief Executive Julian Day's strategy of maintaining a low profile and stonewalling the news media. The change in attendance policy comes amid major upheaval at the Fort Worth-based retailer, which has cut about 800 jobs in the past nine months at its riverfront headquarters. The annual meeting is scheduled for May 17, at the corporate campus. RadioShack would not be the first company to keep the news media out of its shareholders meeting, but it's highly unusual at a time when regulators are encouraging more disclosure. Target Corp., which historically hosted shareholders and news media every year in Minneapolis, relocated its 2006 meeting to an Atlanta suburb and would not let reporters attend. "It comes up at least once a year -- some dumb company thinks it's a clever idea," said Nell Minow, co-founder of The Corporate Library, a watchdog group. "It is foolish and shortsighted of them to monkey around with it this way." In previous years, reporters were welcome at RadioShack's annual meetings but could not participate in the question-and-answer session. A RadioShack spokesman declined to say Friday why the news media policy was changed. Day, who worked on turnarounds at Sears Roebuck & Co. and Kmart Corp., has had little interaction with the news media since coming to RadioShack in July. He has yet to agree to interviews and has held just one conference call with investors, analysts and reporters. Last week, when Star-Telegram reporters spotted him in downtown Fort Worth, Day briefly exchanged pleasantries but silently waved and walked away when asked about rumors of a new round of layoffs. The company fired hundreds of workers the next day. RadioShack will release its first-quarter results Monday. Heather Landy, 817-390-7725 hlandy@star-telegram.com star-telegram.com