Hay something is happening Shorts all time low please This SA writer is long WMT. WMT needs RAD foot print.
Sentiment: Strong Buy
Wal-mart needs to fix itself first. There is a HUGE consumer push back on anything WMT. WMT got the boot in South Korea and Germany for their business and employment practices. Over seas sales are in the tank. They are horrid employers. Wal-Mart has the corporate appeal of Typhoid Mary. If they bought Rite Aid the staff would be out the door in a minute. Even Target pays their pharmacists $9k a year more than WMT. With CVS and Walgreens on the move, WMT would be lucky to greeting cards out of a RAD location, a month after the buy out. It's a loose loose situation.
Anything is possible . We have in this country no shortage of foolish mergers that were in time proven to be bad decisions by the buyer.
As fat as WMT stock( or any other stock), being lower than it was at some point in the past; that would not have any impact on any deal. Do you think if a firm with a stock price of 45 today ( that was 60 last year) offered XX dollars in the form of stock it would not be a great bump to the RAD stock price?
I am in at about a buck over a few purchases. At that price it is basically an option without an expiry. I intend to hold and see what happens . There is no reason to sell now.
Forbes just told it,,,, WOW 11 billion in the hole! holly you know what,,, insiders dumping,, and your going to sell to wally world,,,,,,,what are you smoking dude
Sentiment: Strong Sell
No one will pay $3/shr. to buy-out RAD. Not when you add in the debt and the non-performing stores they continue to pay rent on. This company is extremely over-valued. I sold at $2.08. It was over-valued then. My guess is mickeyjr. is selling, even as he continues the pump.