How long before Radio Shack bites the dust, kicks the can, buys the farm? Elizabeth Harris on Radio Shack.
Its stock price is so low — it closed at 63 cents on Tuesday — that it may face delisting within the next few months by the New York Stock Exchange. When it tried this spring to stop the hemorrhaging with plans to close 1,100 of its stores, its lenders balked. Some analysts predict the company could run out of cash as early as next year.
There was a time when I loved shopping at those stores. Amazon should buy Radio Shack.