You keep telling yourself that. As for me, I live in the Coachella Valley of Southern California. Think Palm Springs, Rancho Mirage, Palm Desert, etc. The population of this valley increases by 35% between November and May of each year. These are the so-called snowbirds who come here from just about every northern state plus numerous Canadian provinces. The number of Canadian province license plates seen on the roads is near staggering.
The end result of all these Canadians is that our hospital population nearly DOUBLES every tourist season. I do volunteer work at the largest of these hospitals. Guess who is filling all of the beds that are unoccupied during the off season??? They are filled with Canadians who cannot handle the long waits for treatment back in Canada. They make no secret of how much they LOVE American health care.
Well earnings are due out after the close, and right now, the stock is down 35 cents. Not a good sign. It would appear that some people may have advance info on the earnings report.. We shall see but this management always seems to be able to #$%$ defeat out of the jaws of victory.
It's the Kenyan in the White House who is out to destroy the US, not Senator Cruz. Between George W. Bush and Obama, this country is being destroyed in less than 32 years. If the Hillebeast manages to get elected, and that is quite likely considering the millions of voters already on the Obama dole, you can kiss the US goodbye.
The Roman Empire took about 300 years to collapse. The US is in the process of doing it in under 50 years.
Management has had more than sufficient time to get this HIV product up and running. In my opinion, it should be flying off the shelves by now. Instead, the increased sales volume is low, and the advertising expense is high. I am not sure this management team could find their way out of a paper bag. Very disappointing. I sure wish I never caught that interview on CNBC with their CEO about a year ago.
Looks like you spoke too soon. Daily volume was 36% higher than 90 day average volume. Plus, around 1:30 PM EDT, the price began to collapse and the volume went through the roof. Looks to me like someone(s) got wind of something, and they did not like it. Looking at the quarterly results, neither do I.
Have you taken a look at the amount of debt that Rite Aid is carrying? There is a reason for that low stock price. I will grant that Rite Aid stores are better than CVS stores, but the issue with Rite Aid is debt risk, not store quality.
Well Augie, I sure cannot agree. The WAG stores in my area are all modern, clean and well-stocked. Plus, well lighted. The two CVS stores which I have been in with my wife when it was convenient to pick up a product, I found to be rather dark, dingy and looked like they had not been updated since the 1970s. Both CVS were located in up-scale communities. My comment to my wife was that I would not shop there.
I don't know how you come off claiming they will pay a higher rate of interest on the new bonds. These folks are not idiots. They would not be calling the existing debt and issuing new debt if they were not expecting to lower the interest.
As a bond holder in numerous non-investment grade bonds over the past 5 years, I have been experiencing an ever increasing rate of bonds being called in order to take advantage of the current low borrowing rates on new debt.. Just this month alone, I have had three bond issues called due to refinancing. In fact, the interest rates on non-investment grade debt, FTR is better than non-investment grade, is running around 5%. This is a drop from rates of 10 to 12% or more only 3 or 4 years ago. I no longer am buying any of these bonds because a yield of 5% is not acceptable to me.
Take your nonsense elsewhere. The average trading size for the past 90 days is over 479,000 per day. Lots of small company stocks trade under 100,000 shares per day.