very good #s we will see higher profit as a result of closing 17 non profitable stores and better sales.
HIGHER SALES AND HIGHER PROFIT AND NOT lower profit on higher sales.
remove the sales of the closed stores and recalculate % you will see 7.5%+ increase in sales.
READ BETWEEN THE LINES.
Many are interested in Rite Aid
The Democratic-backed Affordable Care Act, commonly called Obamacare, aims to help millions of Americans without health insurance obtain coverage.
There has been speculation that Walgreens' smaller rival Rite Aid Corp, which is acquiring full service benefit management company Envision Pharmaceutical for $2 billion, could itself be an attractive acquisition target, with Walgreens having expressed interest in buying it in the past.
its not a rumor .......
Could be any large chain in Pharm or Food IND.
Not sure if rad would accept 12$
Its on fire