I think it will go much higher, they are keeping 70% or better of the customers they got from Wag's Spress Scripts debacle and that alone proves that Rite Aid is a better company and at a huge discount (I think RAD desserves to be at $10 or better short term). Not to mention this whole sector is going to benefit from the Generic factor. Do your own DD and good luck.
It is actually expensive. RAD has 10 Billion in Liabitlites with revenues shrinking and Profits now behind them. Folks on this thread cant see past their nose to realize how bad things really are for RAD............................ace