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Rite Aid Corporation Message Board

  • jimboforrad jimboforrad Mar 25, 2013 12:59 PM Flag

    Question for Shorts

    Are you insane? You are shorting a stock at the beginning of a multi-year turnaround, in an industry exploding in growth, with an exploding cutomer base, and exploding margins. To top it all off the stock is on the precipice of a MAJOR breakout past $2. The stock is consolidating around $1.90 rather than blowing past $2 like last year and quickly reversing. I predict when the stock passes $2 this time it will stay there and never look back. I bet you wish you'd covered when it was $1.68 and then when it was $1.70 before exploding upward at at the EOD. Don't make the same mistake twice because you won't get another chance. after this bout of consolidation it will be rising far more than 20 cents. There is nothing but good news coming starting next Thursday April 4 with March sales and followed on April 11 with Q4 and full year fiscal '13 as well the forecast for fiscal'14. I expect a minimum of $0.15 forecast for fiscal'14 unless management does some major sandbagging. In reality I think we see $0.20 to $0.30 earnings fo fiscal'14.

    Worse case the market tanks and RAD falls to $1.50 - $1.70
    Best case the market starts giving RAD a fair valuation and we get anywhere from $4-$7

    The market rewards consistency and 2 consecutive profitable quarters in a row (exlusing one time refinancing charge) will make the stock move in April dwarf the move in December.

    Again I ask why short the stock?, the reward just isn't there but the risk (for shorts) is huge.

    Sentiment: Strong Buy

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