> Goodwill write off last year and the year before.
The large goodwill write off you refer to occurred TWO YEARS AGO. It was referenced by Rite Aid one year ago as an explanation for why the year ago numbers were so different from the two-year ago numbers. It has ABSOLUTELY NO EFFECT on any of the numbers reported in the last eight quarters.
> Per Generally Accepted Accouting Principles, read, required.
Yup. Everybody should do their own reading and understand. If you don't want to delve into accounting principles then just go back to the conference call transcripts from one year ago and management explains it all fairly straightforwardly.
> Turned earnings into loss on the balance sheets.
This statement is absolutely FALSE. In the year of the write-off, Rite Aid's reported loss is LARGER THAN the write-off. 3rd grade level math tells us this means Rite Aid would have experienced a loss even without the Goodwill write-off.