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May 10, 2007
Radio Shack Up On Turnaround Start + Buyout Rumors
We haven't been to a RadioShack (RSH) for a while. We always hated it, but appreciate its turnaround. Its ads are much better and its Web site works fine. There has been a lot of chatter on CNBC about the stock, with one analyst saying he likes it that people have hated RadioShack for so long, that makes it sill a good value.
Businessweek recently fueled rumors that Dell might buy the company, so the stock has been up on that story. Credit Suisse advises investors to be more cautious on the turnaround as its still in the early stages and may crap out in the end. But Credit Suisse does buy the takeover rumors.
Posted by Paul at May 10, 2007 09:21 PM
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