Since RAD got into sell and lease back stores, they hardly own any real estate ! Their prescriptions are their most valuable assets! It's their life blood , not pretzels and milk and front end stuff. Front end stuff only accounts for about 30% of sales yet they have acres of warehouse space for this merchandise and thousands of material handlers! High markup causes front end mdse to move slowly too..
*****I question why they did not see growth in acquiring Rad.******
WAG already knows when they build near RAD that they pull their customers.
Now just for RAD's debt alone, WAG could build an awesome chain. Remember RAD at last count had 47% Strip Mall Stores. Now couple the RAD investor getting 87c on top of the debt and all other factors and you are talking $10 Bil. RAD is totally not worth it. So WAG will just continue their pace and gobble RAD up with out any headaches that come with Purchasing it.................ace