In my opinion only this is starting to be a really big joke. All of the bashers are out in full force trying to bring this stock down. My opinion of March earrning is pretty good. Same stores increased by 3.8%. Precription count at comparble stores increased by 0.3% compared to last year. We all have to remeber Rite Aid has fewer stores. If you are able to increae this much revenue with fewer stores that is considered great management. The reason why Walgreens looks so good is because they did so badly last year. Any small improvement looks like they did great compared to last year. This quarter earning I feel will be another record profit . I t comes out in 8 days. It is a lame attempt to bring the stock down before earnings. They are digging a deeper and deeper hole. With all of Rite Aid's improvements, they attracted new customers with the reward cards and personal clinics, new improved website, and putting the customers first, they are doing an excellent job in all improvements. They also cut down debt and refinanced at a lower rate. It is very possible that they will post a record profit this quarter I love money, money is good, money is green, I see a lot of green in this stock by author Master WallStreet available on Amazon kinde ebook.
Looks like the proverbial Fibonach going on right now. For about the millionth time, RAD is a cash flow turnaround story, as long as they can eek out some growth, it will all translate to the bottom line. I'd love to add even more but I have a fairly big position already. Surprised it isn't UP today. Numbers were decent.
All I can say is I shan't be deeked on this retrace. It shan't let it happen.