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Rite Aid Corporation Message Board

  • garrigan69 garrigan69 Sep 18, 2013 11:09 AM Flag

    RAD's PPS

    RAD seems to be bucking the market today, a good sign, if you ask me. Tomorrow should be interesting. If RAD meets or beats by a penny, then it's business as usual. If they miss, the stock will drop due to weak hands being flushed, then next week the smart money managers will scoop up shares. Why? Because any miss is due to one time charges and they will ignore those to see what the real earnings are. If it's a blowout quarter(like Q3/13), then we could see $4.50-$5.00 by Friday. Just my take.

    Sentiment: Strong Buy

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    • emanuilshvarts Sep 18, 2013 1:03 PM Flag

      In common I agree with you; I am long RAD, was buying it at $1-$1.50. I think a "blowout" quarter is very unlikely this time, after some same-store info from recent months.
      What surprises me - nobody tries to acquire RAD. It looks like a good target.
      Probably it's because of big debt - you can say a very big debt - which make acquisition negotiation tricky and difficult.
      Good Luck!

      Sentiment: Buy

    • I think they set guidance low so that there wouldn't be any negative repercussions for the stock if it doesnt meet expectations. For wall street, its better to set the bar low - and exceed expectations - which I think RAD will do tomorrow.

      However, i'm banking on .01 profit and a rally to $4.

    • Garrigan,
      I agree 100%. The key is to see improving trend in operating profits. A loss due to ex-items will simply flush weak hands. The only thing I'm unsure of is updated guidance on forward earnings. A current quarter beat followed by raised guidance is surefire way for the stock to pop. We've all focused a lot on the former, less so on the latter.

      Sentiment: Strong Buy

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