Sat, Sep 20, 2014, 8:04 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Rite Aid Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • scotty410 scotty410 Nov 29, 2010 2:53 PM Flag

    Surprised to see TTM FCF negative

    Goodwill write off last year and the year before. Per Generally Accepted Accouting Principles, read, required. Turned earnings into loss on the balance sheets.

    As well as store closings, a lot of assets are not recoverable.

    RAD is sitll cosolidating operations, co-locations, distributions centers.


    You can only generate and write-off tax losses for 5 years...than to use, must have profit in 6th year.

    Buy, Buy, Buy...next move to $4.25 area.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • > 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.

 
RAD
5.35-0.06(-1.11%)Sep 19 4:05 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.