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Rite Aid Corporation Message Board

  • masterwallstreet masterwallstreet Sep 9, 2013 10:26 PM Flag

    This stock will break through new 52 week highs

    In my opinion only, the reason why it will break new 52 week highs is because September is one of the busiest months for the drug store chains. You have back to school last minute shopping. You have flu season shots starting.You have the nice big discount on first Wednesday of the month for senior citizens. If you go back past in the history you will see that September is a strong month for this industry. I am hearing a lot of rumors that is there will be a buyout it will happen before rates go up. There are rumors that rates will go up in October. September is the end of a quarter. You have your quarterly earnings report. We all know what happened last September don't we? You also might want to check out another stock that hit a new 52 week high. It is Euroseas ESEA is its symbol. It is 1.65 (52 week high today.) There are three reasons why I bought it. Strong insiders holding of 43%, very low float of less than 20 million shares available and it pays quarterly dividends. They are the three. It is very odd for a two dollar stock to pay dividends. This industry is starting to heat up now.

    Sentiment: Strong Buy

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    • Sorry master, but September is an average month. Feb., May, Aug., and Nov. are the strong months. I believe RAD will move much higher after earnings due to pretax income less the onetime items. My rough numbers are for RAD to report pretax income of $187 million, but i don't now what the refinancing charges and other unusual expenses will be, then taxes will reduce that even further. Btw, i would stay away from dry bulk carrier stocks. They're notorious for losing money and are usually run under Greek law. Just my two cents, from a former owner of ESEA, FREE, and DRYS.

      Sentiment: Strong Buy

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