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Rite Aid Corporation Message Board

  • analyst112 analyst112 Dec 20, 2013 10:05 AM Flag

    Hedge funds out

    Almost 100 million shares in last 24 hours. That is 10% of the company changing hands. The weak hands are out and the holders continue. Next week optimism will return and the miscommunication from company will clear up. Year .20-.27 excluding preferred. Will come in on target. EBITDA down due to preferred buyout. $600 million of cash flow and $4.5Billion value--7.5x. Company sitting duck for CVS to take out. We will get a 13G next week from Einhorn.

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    • finally an analyst. also note interest charge was down $22MM which impacts Adj EBITDA. Yes they should have captured that savings in NI but they did get 1/2 of that in NI. One slow quarter does not mark a turn in getting us to $10/shr. I was out West and saw the new stores. Better than Walgreens and in very good areas like Carlsbad and Rancho Santa fe.

 
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