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Rite Aid Corporation Message Board

  • cash2go cash2go Feb 3, 2013 11:31 PM Flag

    Eckerd acquisition just before the Great Recession

    Rite Aid survived, kinda incredible. Rite Aid is in the very early stages of a turnaround, buy the dips and hold on for the long term.

    $1.66 in afterhours, is that the best dip Wall Street can manufacture? GLTA

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    • Priority #1 should be to reduce interest costs and pay down debt to get on a level playing field in the world of retail pharmacy.

      CVS and WAG are valued at price/sales of 0.5
      RAD's price/sales = 0.05

      If management is up to the challenge RAD at a P/S = 0.2 by 2015 would reward shareholders with a four fold return on their investment. Thinking Wall Street and the world of finance would love to load up at these levels and facilitate the turnaround via more friendly debt terms.
      RAD survived the Great Recession and nobody in the big finance world could seriously expect to make the big bucks via BK.
      New game, the big boys loading up on any dips to play the turnaround makes sense? Figure out what Wall Street is really doing could equal a very nice return. If RAD can lower annual interest expense and really improve cash flow I'm thinking it's off to the races. Would just like to add at the best price possible. Looks like this may be the last month the "boys" could walk 'er down???

      • 1 Reply to cash2go
      • It all depends what your expectations are for "walking her down" - I think most folks look for 20pct retracement... the buying pressure has been so bullish that the retraces are shrinking... i make it a point to just try and buy on the low of a down day regardless of pct lost... has paid well so far... let the trend continue.

        Long and Strong.

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