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Rite Aid Corporation Message Board

  • prairiebob2002 prairiebob2002 Apr 8, 2004 1:38 PM Flag

    What do people want?

    No appearance by any of the enthusiasts who predicted 12-15 cents. How was this supposed to happen? RAD isn't a tech firm: it can't go out and sell its products; it pretty much has to draw customers in. And it has no single sensational product; it's based on slim margins on thousands of little items. How can a surge occur in this environment? This is a grind-it-out situation. As several have noted, RAD mgt won't allow a saltation in earnings even were it possible. They will use every spare nickel for urgent internal purposes, managing earnings, in a sense, no less than managing the store. And they are doing it very well. Barring an unforeseable disaster, a long, steady rise is ahead as they gradually pay down debt.

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    • I'm with you. Daytraders who are looking for a quick pop should look elsewhere. Long term investors (which means more than a one-day horizon)will do very well with this stock. Management has already shown the company's turnaround program is working.

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