Diamonds and Dogs
7/11/13
RadioShack Corp. (RSH)RadioShack is getting crushed today, down 7.07% at $2.63. The electronic retailer saw its shares trade into the red after news was released that the company was considering hiring an outside source to help fix the company's balance sheet. An unnamed source close to the company said that RadioShack plans to entertain pitches for a financial adviser in the coming weeks to explore a balance sheet fix as it faces a string of debt maturities, escalating cash burn and bloated inventory levels. Shares of the company have fallen over 27% over the last year, and more the 78% over the last two years, however shares were able to stay above their 52-week low of $1.90.
Bridgepoint Education Inc. (BPI)
Bridgepoint Education is teaching its investors how to make money today, up 26.33% at $15.93. The postsecondary education service company (Ashford University and University of the Rockies) saw its shares climb over $3.30 after its Ashford unit received accreditation approval. Ashford had been denied approval last year after failing to comply with standards in areas including student retention and maintaining a core of full-time faculty. However, the Western Association of Schools and Colleges granted the college initial accreditation for five-years. Bridgepoint shares set a new 52-week high of $16.73 intraday.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.