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Canaccord Genuity on Google, Barnes & Noble, and RadioShack


Google may continue its recent momentum, Barnes & Noble competes with Amazon, and RadioShack looks for a new CEO.

RadioShack (NYSE:RSH): Shaking Things Up.

James Gooch stepped down from his position as RadioShack CEO Wednesday as the company looks to right the ship and return to its former position as a top electronics retailer. The company said, "The board decided that the timing was right. Moving forward with the decision sooner rather than later will help establish the right leadership to address the company's challenges." CFO Dorvin Lively will step in to the CEO role on an interim basis. Under Gooch's leadership, shares of RadioShack lost over 80%, while operating margins shrank to 3.5%.

While many analysts agree that a change was needed, the Street is more focused on who takes the helm as the company is in dire need of a makeover as it looks to compete with online retailers such as Amazon and larger retailers such as Wal-Mart (NYSE:WMT). One Wall Street analyst says that one of the problems facing the company is its name. He commented, "Radio is a concept from a hundred years ago, and a shack is a place that essentially homeless people lie in." Beyond the name, the analyst notes that "(older customers) are not being replaced by 30-year-olds."

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No positions in stocks mentioned.
Canaccord Financial and its affiliated companies may have a Corporate Finance or other relationship with the companies mentioned and may trade in any of the Designated  Investments mentioned herein either for their own account or the accounts of their customers, in good faith and in the normal course of market making. The authors have not received, and will not receive, compensation that is directly based upon or linked to one or more specific Corporate Finance activities, or to coverage herein.
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