You are correct. Didn't notice the 18th or I would have realized that's what you meant. Sorry to nail you to the cross so easy. I just read so much nonsense here.
And 4 years ago this stock was 42,000 dollars a share (Yes that's 42 thousand). Why do you think it went from 42,000 to 9.00?
Amazing though. What just took 2 hours to gain we just lost in 2 minutes.
I don't know who these big guys are you're talki
ng about but anybody that sold before the last earnings I'm sure is still sorry. Look what goog just did. FB could do the same.
S&P Upgrades Rite Aid Ratings on Improved Performance
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10:52 AM ET 9/30/13 | Dow Jones
By Tess Stynes
Standard & Poor's Ratings Services raised its speculative-grade ratings on Rite Aid Corp. (RAD) by a notch on the drugstore chain's better-than-expected second-quarter earnings and expectations the company's remodeling and loyalty programs will sustain its performance in the next year.
S&P has Rite Aid at B, or five notches below investment grade, and said the outlook is stable on expectations the company can maintain its improved results and credit protection measures despite pressure on its margins from fewer generic drug introductions and reimbursement rate pressures.
Earlier this month, Rite Aid reported that it swung to an unexpected fiscal second-quarter profit thanks to continued sales growth and stronger margins. It marked the fourth straight quarter in the black for Rite Aid after years of losses following its 2007 acquisition of Brooks and Eckerd that saddled the company with debt. Rite Aid also raised its fiscal-year guidance.
However, S&P also said a lower rating is possible if Rite Aid, which is the No. 3 U.S. drugstore chain by sales behind Walgreen Co. (WAG) and CVS Caremark Corp. (CVS), has worse-than-expected sales or profit declines that hurt its leverage ratios. A potential downgrade also would be possible if margins weaken more than expected.
A potential upgrade would be possible if Rite Aid continues to make progress in improving its store operations and narrows the gap with its peers while continuing to improve its debt ratios. S&P said that could happen if Rite Aid's sales increased by about 4% and gross margin increased by 0.9 percentage point.
Shares were up 1.7% at $4.78 in recent trading. The stock has more than tripled this year.