The Sharper Image Files for Bankruptcy - What Happened?

Yesterday morning, The Sharper Image (SHRP), the specialty electronics and gadgets boutique, announced that it has filed for bankruptcy (SHRP Press Release).

After reaching a closing high around $40 on February 6, 2004, shares have been mercilessly crushed over the last 4 years, losing another 75% on Tuesday to $0.36 a share (SHRP 5-Year Chart).

I remember visiting The Sharper Image store in San Francisco when I was a kid and looking at all the cool stuff. I have a portable heater and air purifier that my Mom bought for me from The Sharper Image.

I don’t really know what happened here.

Comments

[Pj568]

Seeking Alpha must be going through a rough period. There seems to be a large increase in articles without much substance over the last month.

[rmgreenwald]

There is absolutely nothing of value in this piece. Seeking Alpha should do a better job of screening articles, so that authors can be spared the needless embarrassment and readers won't be subjected to reading this drivel.

[mkhanarian]

wow, what an incredible waste of space, for what purpose was this article published or even written? i could have learned more watching the evening news