Sat, Sep 20, 2014, 9:30 PM EDT - U.S. Markets closed

Recent

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

Rite Aid Corporation Message Board

  • scotty410 scotty410 May 5, 2012 5:40 AM Flag

    Who bought 3/4 billion shares ?

    Last 2 weeks, who bought all those market and after market shares...not the little guys like you and me...

    I would like to know, how can I buy the Preferred Shares...they are paying dividends..

    1. Clue will be who gets the new seat on the board.

    Next quarter will be last posting of a loss...afterwards will be profitable.

    They can also 1) reverse split 2) sell more shares to pay down debt.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • > Last 2 weeks, who bought all those market and after market shares...

      That was me.

      > not the little guys like you and me...

      Drat! OK, you're right. It wasn't me.

      > I would like to know, how can I buy the
      > Preferred Shares...they are paying dividends..

      First you need to find a company that is within weeks of insolvency and whose CEO is on the way to Federal prison. If you also have $300M of cash burning a hole in your pocket then you're there. At least, that's how Leonard Green did it back in late 1999.

      The company has also made a couple offerings of convertible, preferred shares over the years as a way to force existing shareholders to pony up more cash through common stock dilution. I do not know if those preferred shares are available to the public or whether you need to "know a guy".

      > 1. Clue will be who gets the new seat on the board.

      If you truly believe a single individual accumulated 750M shares then certainly you will be able to see that in the ownership filings the SEC requires be put out within months of accumulating a major position.

      Also, I think the JCG seats are in addition to the elected board seats. So I'm not expecting an election to replace the JCG representative but rather simply having that representative ineligible to participate at some point due to JCG's sale of RAD stock. I could be wrong about that but I would point out that, back when the three JCG representatives were added, you didn't see three existing board members lose their seats at the same time.

      > Next quarter will be last posting of a loss...
      >afterwards will be profitable.

      Interesting. This is at odds with what the company representatives have said. Where are you getting this from?

      > They can also 1) reverse split 2) sell
      > more shares to pay down debt.

      I can't see why they would reverse split if they don't need to. They certainly might ask authorization to dilute the common stock further.

 
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.