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Rite Aid Corporation Message Board

  • scotty410 scotty410 Jan 6, 2012 6:26 PM Flag

    $4.50 to $5.00 in a few more months

    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 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.

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7.67+0.01(+0.13%)May 23 4:02 PMEDT