Diamonds and Dogs
7/11/13RadioShack 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.