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Rite Aid Corporation Message Board

  • Moneylender99 Moneylender99 Jun 6, 1999 11:09 PM Flag

    CHECK OUT WSJ TOMORROW

    See WSJ for full article this is excerpt
    only

    June 7, 1999
    Major Business News
    Rite Aid CEO,
    Relatives Unload
    Stakes in Leased Property,
    Vendors
    By ROBERT BERNER
    Staff Reporter of THE WALL
    STREET JOURNAL


    "Rite Aid Corp.'s chief
    executive, Martin Grass, and some members of his family,
    disposed of ownership stakes in property leased to Rite
    Aid and in vendors that sell to the chain, the
    company disclosed in its proxy
    statement....


    ....Mr. Grass and the three executives, however, were
    granted stock options that have an exercise price of
    $30.75. Mr. Grass received options to buy one million
    shares; Mr. Noonan, 650,000; Mr. Brown, 300,000; and Mr.
    Bergonzi, 300,000....Half the executives' options vest on
    Oct. 12, 2000, and the remainder on Oct. 12, 2002. But
    if Rite Aid's stock trades for one consecutive
    calendar month at a price of at least $60 per share prior
    to Oct. 12, 2000, all the options will vest by the
    earlier date.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You have just described every retail job in the
      world. The mgmt for any retail chain always has and
      always will give a damn about its employees.

      My
      mom has worked for many different retail companies
      all her life and has been at RAD for over 5 years.
      According to her no matter who you work for you have to
      deal with it. Its the nature of the beast.

    • You are right on about RAD. I currently work for
      them, but I am going to change jobs and take pretty
      large pay cut to do so. I have worked for these idiots
      for almost 3 years, and all the rumors I heard before
      I came to work for them are true (if not
      understated). The management has no concern for its employees
      and at times it would appear less for the customers.
      I think that if the choice were to present itself
      later on between Rite Aid and Mcdonald's... it would be
      tough.

    • and this is a clear buy signal.
      Kronos

    • taking Rad over $30!
      Kronos

    • Just heard on CNBC this a.m. that Drugstore.com has been repriced from the $9-$11 range to $15-$17 range.

    • It is a company selling online. Look at others...
      they can do well without turning a profit, stockwise.
      That is one thing that makes this good for RAD. If RAD
      gets into trouble, they can sell their stake in
      drugstore.com (hopefully) at a substancial profit. Seems to me
      Martin made a good deal here, although I do figure RAD
      will take a hit unless it is profitable, which I
      doubt. It does have the best site. Drugstore.com. Real
      simple. Walgreens.com is another one that is well known.
      Soma.com??? What the heck. Planetrx.com??? Huh??? CVS.com,
      farmiliar to those on the east coast/south/parts of
      midwest.

      Also, this name. My storewanderer account
      appears to have been deactivated. They say I violated
      terms of service. Luckily, I have this account also.

    • One of RAD's competitors, CVS, reports 2Q
      earnings on Wednesday of this week. The earnings from a
      year ago were 0.32, and the consensus estimate for
      this year is 0.38. It will be interesting to see if
      the whole sector is rewarded or punished based on
      CVS's results.

      Based on the PE ratios shown at
      the Money website (i.e., 15 for RAD, 30 for CVS, and
      45 for WAG), RAD's stock price would have to double
      or triple to close the gap with the other industry
      leaders. Time will tell...

    • I enjoyed the visit to that web site and now have it on my
      favorite list.

    • Online pharmacy drugstore.com inc. is another
      deal that is expected to generate strong interest with
      its offering of 5 million shares in a range of $9 to
      $11.

      ``Drugstore.com is going to go through the roof. They are doing
      something we will see more and more of and that is getting
      investors and strategic relationships,'' Taulli said,
      noting
      drugstore.com's relationships with General Nutrition Cos. Inc.
      (Nasdaq:GNCI - news) and Rite
      Aid Corp.(NYSE:RAD -
      news).

      http://biz.yahoo.com/rf/990725/ch.html

      click on address for story

    • Money magazine has an interesting article in its
      August 1999 issue entitled, "Lessons from the Master."
      The article discusses John Neff's approach to stock
      selection. (For those who don't know Neff, he is one of the
      greatest value investors of all time who was at the helm
      of Vanguard's Windsor fund during its glory years.)
      If you visit the Money web site


      http://www.pathfinder.com/money/depts/investing/johnneff/

      you can input stock symbols, and it will calculate
      Neff's total-return ratio for that stock.

      Not
      suprisingly, when you enter RAD, CVS and WAG, you get Neff
      ratios of 1.4, 0.6, and 0.4, respectively. Neff
      typically looks for ratios of at least 2 (the higher the
      number, the more undervalued the stock); however, with
      the S&P's ratio being 0.3, he considers stocks having
      values greater than 0.6.

      RAD held up very well
      during a very challenging week, so it will be
      interesting to see how it (and the overall market) fare this
      week.

    • View More Messages
 
RAD
7.13-0.12(-1.66%)Apr 23 4:00 PMEDT

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