RSH: Why Are We Doggin' RadioShack?

RSH: Why Are We Doggin' RadioShack?

Everyone knows that RadioShack has been in the red lately, reporting loss after loss, but RadioShack is in the process of turning itself around. Any company trying to fix itself needs time to make things happen. They are taking the right steps in kick-starting the company forward again.Unfortunately, investors and traders have been taking too much of a negative stance towards this company.

RadioShack shares plummeted this past Tuesday 2013 07 23 after the company reported a bigger loss than analysts had expected.

On a positive note, the company reported revenues of $844.5 million, beating analysts' expectations of $816.1 million.

 Here are some facts to look at:

• Same store sales rose 1.6%, which is a nice turnaround since 2010.
• Reduction of inventory is in-work from 4K to 3K SKU's.
• A move has been to push more private-label branded products which showed 6 consecutive quarters of growth for these products due to higher margins.
• Stores being revamped into concept stores with more space and less clutter. These type stores will be seen in high traffic areas and at various universities. 

 Though we see RadioShack as a struggling entity, they have a new executive team which is focused on specified plans for turning the company around.

So let's stop doggin' RadioShack and give them a chance to let them show us what they are capable of.