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RadioShack CEO Julian Day is Getting it Done!

 Mar 17, 2008 04:59 PM UTC
Return Risk
-15.55% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
RSH Positive 03/17/08 +17.64% --

2/28 - "Mostly selling accessories, batteries and other gadgets for wireless products, RSH said net income rose to $101 million, or 77 cents a share, from $84.5 million, or 62 cents a share, a year earlier. Net Income was favorably impacted by improved gross margin, a reduction in SG&A, and reduced interest expense when compared to the prior year."Analysts" had expected 72 cents a share.

Revenue fell 6.4% to $1.36 billion, as same-store sales dropped 6.7% on lower wireless and satellite-radio sales."

"The best number was that the chain generated $300.9 million in free cash flow through the twelve months of 2007 versus free cash flow of $189.9 million for the same period in 2006. As we watch what bad management can do to a company at Circuit City (CC)), the results at RadioShack (up 16% Tuesday) show us what good management can do."


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