3/31/2010 Report Used Questionable Write-offs of $2.3 Billion, such as, $1.8 Billion in Goodwill to produce a paper loss, passed on hot air write-offs. While opening new stores and consolidation where former Eckards and Rites were co-located. Not a single one in Florida...one of the largest Rx markets in the US???Moreover, last year's report had similar hot air write-offs, such as, 1.3 Billion write down in assets values...most of which are real estate holdings??? Why one asks is the management intentionally making the company look worse than it really is and even going so far as to say we will have a loss again for 2011??? RAD in my book is should be at $18 dollars a share or more, based on PE once hotair write-offs are discounted. Some master plan to benefit management is at work here. Sammons may own the whole thing at this rate in a few more months along with Coutu.
Yes Sir Buddy!
What are you drinking?
Read the full Report and the footnotes too.Also, $1 billion cash on hand. Drinking,Dunkin Donuts Coffee...try some and you might wake up too.