"Well, let's be honest… no stock trades for $5 because it's red hot. Stocks that are doing well go up and not down. Right now some of the biggest (by market capitalization) stocks in the single digits include the battered National Bank of Greece (NBG)NBG) , barely break-even drugstore also-ran Rite Aid RAD) , and troubled chipmaker United Microelectronics UMC) . All have losses that top 50% across the last 10 years. Sure, they might go up from here… but will likely never reclaim past valuations."
This article isn't a story about RAD. In fact, with the exception of the 3rd rate site's (and author's) reference to Rite-Aid as a "barely break-even also-ran drugstore Rite-Aid", there is nothing mentioned to back up this silly shallow opinion. Why all the bumps?? Can't you shorts come up with an intelligent bearish article (or argument) against buying RAD????
I'm sure these idiots would have said the same thing about Apple when it was trading around $7 back in 2003. Irrespective of their position to RAD, their comparisons with NBG and UMC are asinine. I will not even bother to explain the difference in macro environments that these companies operate in.
Sentiment: Strong Buy