Barron’s Bullish On RadioShack (RSH, BBY, CONN, HGG, GME)
Electronics retailer RadioShack (RSH) slid last Monday after reporting third-quarter earnings, and a week later, Barron’s said the stock was cheap even before its recent slide. According to the report, investors focused on the company’s narrowing gross margin instead of its 23% net income growth and improving margin. New York money manager Bruce Geller told the newspaper, “I continue to feel it’s worth in the high 20s,” noting that the firm’s focus on mobile technology positions it for growth and the recent margin pressure is a temporary issue.
At the end of the second quarter, 11 13F-filing asset managers counted RadioShack among their top-15 U.S.-listed equity holdings, ranking it second in Pro popularity among Electronics Retailer Stocks Index components, trailing only sector-giant Best Buy (BBY).
Over the last month, Best Buy is the Index’s only winner, posing a 4% gain while the rest of the sector hangs in negative territory. Conn’s (CONN) and HHGregg (HGG) are both off by -10% for the period, while GameStop (GME) and RadioShack are off by -3% and -6% respectively.
It will be interesting to see where RadioShack and the rest of the electronics retailer space goes from here. Investors can track the Electronics Retailer Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
More on this topic (What's this?)
Radioshack Getting Taken To The Wood Shed (RSH) (Benzinga, 10/25/10)
(RSH) RadioShack Analyst Downgrades Shares to Neutral (Stock Blog Hub, 11/17/10)
(RSH) RadioShack: Will It Beat Earnings? (Stock Blog Hub, 5/2/13)
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