NO RADs in Florida??? Feb reprint: Need to close above 1.41...first
Anyone remember was 22 cents last year then went to 2.37? Subtract the pull back amount from 2.37 and add that amount to 2.37... the lower it goes now the bigger the bounce above prior high of 2.37...
The last 2 years over 100 loser stores have been closed. Cost cuts, losses have been getting smaller and smaller with each reporting period... Finances have improved...credit lines for next 4 years. Tax loss carry forwards huge, to offset future profits.
Only negative is big bonuses for executives..not for making profits, mind you, but for cutting wages, trimming employees, they write their own performance contracts and sign off on each others contracts. Might say bonus for keeping a clean desk...not calling in sick, etc...worth upwards of $4 million!
No law against it and only can say shame on them.
Some say there is an 8 percent chance of bankruptcy
I say will go to 4.00 or 4.50 first. Floor now is $1.24 now.
My shares at $00.50 still look good... the $6.00 ones not so good... almost even.
I talked to the manager of a big Rite Aid store yesterday. He's been with the company since 1977. He now believes the company will survive and eventually thrive. Sales in his store are increasing. He is cautiously optimistic.
Before meeting the manager I encountered three employees. Each of them gave me a big smile and hello and tried to engage me in conversation. Two of them urged me to buy more. That kind of attention is infectious. This manager is doing his job.
Given the title I was kind of expecting to find what Ace would refer to as "fluff" however you've accurately stated Rite Aid's situation (both the positives and negatives). Good luck and if RAD does find its way to $4 this year I'll be both surprised and pleased.