- Language: English
- Published: November 2008
- Region: United States
Summary: RadioShack Corp.
- Published: August 2010
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on Fort Worth, Texas-based RadioShack Corp. reflect its weak business profile, characterized by short consumer electronics product cycles, the highly competitive retail consumer electronics industry, and vulnerability to weak consumer spending. The company's business risk profile is partly mitigated by RadioShack's relatively conservative financial risk policy with regard to share repurchases and dividends and our assessment that the company's financial risk profile is significant. RadioShack has demonstrated good levels of profitability, considerable cash flow generation, moderate leverage, high cash balances and strong credit protection measures. RadioShack's sales in the second quarter of fiscal 2010 increased 4.7%, with comparable-store sales up 6.7% because of higher wireless sales from the addition of T-Mobile as the third wireless carrier in company-operated...
Companies mentioned in this report are: RadioShack Corp.
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