I have followed RAD for 14 years and even though a different CEO he is still from the Miller Regime and they are hard pressed to come up with an original Idea of their own.
RAD has a $215 Million Defered Tax Credit that Im sure they will use to Fluff the Numbers coming out on 4-11-13. They did catch this wave due to ESRX and now that customer is returning to WAG as evidenced by RAD's Feb SSS. That was a Disaster when retail was soaring in that month. Yet WAG done great.
Yes RAD gets Fluffed from time to time but look at the charts as nothing has changed and it will head back down to fill the Gap at $1.06. If you trade it be careful and remember RAD never retested the 20c area of its all time low.
RAD is still closing stores after 14 years under the Miller Regime. Thats due to the Competition sitting up across or down the street and Taking RAD's customers. It will never end as evidenced by RAD's Feb SSS and the customer gained from ESRX fallout is now returning to WAG. Watch it play out and dont think that Because WAG and CVS have a higher valuation that RAD should. RAD is very highly leveraged and spend more time on financing than they do Growing the Business.
Read their 10K and they even tell you they Target Stores for closing!!! Dont you think they would start targeting them for Growth!! This team came from a 126 Store Chain called Fred Myersafter Kroger bought them.
Bob Miller the first CEO of the Regime sis all he could do and still fell