Recent

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

Rite Aid Corporation Message Board

  • daninfw04 daninfw04 Feb 16, 2013 9:23 AM Flag

    Early Tender's

    One thing that hit me yesterday was that usually a company reports the early results of tender's the morning after midnight deadline. Sometimes 2-3 days later. We should have gotten it Thursday morning. The fact that they didn't might have lead to speculation that drove the dive yesterday. For those not familiar, this usually indicates they didn't get a lot of response and anyone not tendering on 2-13 for an extra $30 a bond isn't going to tender the 28th for $30 less. RAD can extend the early tender date and I suspect that is what is happening. They are negotiating with large holders for a better deal which would cost them more. RAD may also not have finalized the financing. I suspect we will hear something by Tuesday morning that will eliminate this concern. Just FYI. And yes, the bashers will have a field day with this till they are proven wrong once again. Just trying to keep all informed of what is ACTUALLY happening. If RAD announces most have tendered early and they have exceeded their financing needs it will add major fuel for another pop. DaninFW

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
RAD
7.82+0.07(+0.90%)Feb 12 4:01 PMEST