The decline was mostly due to charges related to the EnvisionRx acquisition, which cut per-share earnings by 2... More
The decline SHOULD HAVE BEEN 7 cents from the 9 cents estimate at the beginning of the quarter. It's easy to just keep lowering the estimate until they can make it which is exactly what they did. They MISSED BIG TIME !
"Think we are bottom folks", I heard those words at 10 then 9.50 then 9 then 8.50 then 8 and I sold then 7, 6, 5, 4, 3, 2 and now $1.43 I'll believe it when it hits 15 cents.
What % of customers at any of the pharmacies pay cash price?. I think that's an irrelevan #.
That's not the point ! Most people have insurance but the amount the insurance is different for everybody so the discount will vary with their insurance ,the only BASELINE you can use is the CASH price as a starting point to compare prices. If the CASH price is cheaper at Walmart than RiteAid it will STILL BE CHEAPER using the SAME INSURANCE at Walmart vs RiteAid !
You will find when to compare the 3 drug stores Walgreen, CVS, and RiteAid the Walgreen is the cheapest most of the time and RiteAid is the most expensive most of the time. RiteAid can't match CVS or Walgreen because of the interest they pay on their huge debt ratio compared to their size. The Big Box stores are cheaper than all of them.
If RiteAid Could get the Walmart contract and Walmart would give RiteAid pricing power that Walmart has. Riteaid would shoot right to the top of the food chain ! Everybody would be happy !
On the YAHOO Analyst Estimate page they reduced the current earnings est. by a penny to 0.29 ,on the other hand ZACKS still as a rating of 2 Buy with "A" for Growth, "A" for Momentum, and" C" for value, those are improvements. The Industry rank has been upgraded to 29/265 or the top 11% and that is an improvement.
With the offering behind us Tuesday I think good news is coming soon and we can recover the share value we lost. Good Luck !
SB, does SPCB have options that can be traded?
Sorry don't know the total answer to that, maybe "commoncents" would know what the answer is.
yeah wait til 2016 when 10,000 baby boomers "per day" for the next 25 years are coming through the stores to pick up "generic" drugs..
Those 10,000 baby boomers , i'am one of them, are on Fixed income, and get their Drugs from the VA at a Fixed 30 day supply or cheaper than that at Walmart. Their is only one drug, (Tikosyn), I get at the VA that Cleveland Clinic wants me to take that is cheaper at the VA , Tikosyn is $8 @ the VA , $319.30 @ Walgreen and $368.84 @ RiteAid. Walmart is a little more than Walgreen (which is rare), @ $346.93 still cheaper than RiteAid . I have Posted this before, NAME ONE DRUG that is cheaper at RiteAid than Walmart, CASH Price, no insurance, so don't tell me what you paid with insurance keep it apples to apples, posted cash price at "GOODRX" with your zip code.
Of greater concern to shareholders were Rite Aid's updates to its guidance for the full 2016 fiscal year. With the EnvisionRx deal expected to close by the beginning of next month, Rite Aid now expects net income could fall to $150 million to $230 million, or between $0.14 and $0.22 per share. That would represent a substantial step backward for Rite Aid, and the earnings guidance in particular is well below the $0.26 per share that investors had already expected to see. Sluggish same-store sales growth of between 2.5% and 4.5% indicates that the troubles aren't just acquisition-related, as Rite Aid apparently believes the adverse trends in comps could continue throughout the year
DEAD MONEY !
Just Check The YAHOO Analyst Estimate page on this stock
Est. for this HAVE JUST BEEN REDUCED by almost HALF (0.07 to 0.04), Today.
RAD has 5 Down revisions and only 1 up .
Growth this Quarter is NEGATIVE 69%
Growth next Quarter NEGATIVE 30%
Growth for the year DOWN NEGATIVE 50%
Growth down next year !
That KOOL- AID must be very strong. RAD has no business in the 8's or 7's !
Called it last night while everyone was panicking!
You're like me I called it yesterday and added the time 1000hrs but didn't use the word green. This morning BEFORE the open I said 1000hrs and added we will close green. I'am not that good but I get a kick out of telling what I believe will happen before it happens. The MB is FULL of people that say I told you so after it happens as if they are some kind of genius. Sometimes I put the date at the end of the last sentence. I'am no genius I just have fun with it. Sometimes I get it right, sometimes I don't.
If you have time check out SPCB a GREAT company that just got spanked over an offering. They deal in security.
When a company puts out a strong outlook you upgrade the stock.When a company puts out a weak outlook you downgrade the stock..
Its not all that difficult to understand.
It would appear that it's difficult for you to understand you just haven't been around long enough. It's not WHAT THEY SAY it's WHY THEY SAY IT. You have to know how the "GAME" is played. You Always give a number you know you will beat that makes everyone happy. IT'S AN ESTIMATE, mgmt. can "SPIN IT" any way they want to as long as they BEAT it like they did this quarter with Earnings and Revenue is all that's important !
Also known as Triple Witching Hour........
Also called triple expiration, triple-witching refers to the quarterly expiration of index futures, index future options and certain stock options on the third Friday of March, June, September and December. This can cause some pretty big swings in the stock market.
For instance, if a lot of people think that the next futures contract looks expensive, they may decide not to "roll" their contracts and instead buy the underlying stocks. That will add some buying pressure to the market and, if there's not much else moving the market that day, drive stocks higher.
This Morning post 5 hrs ago,
superbowl6wins • 5 hours ago Remove
Those Targets seem to make sense to me. I have a gut feeling that after the "Big Boys" start trading after 1000hrs we will start going up and end the day in the green.
I've seen this before afterhours trades in the RED and for whatever reason after 1000hrs the big boys start trading and the stock goes up. Check out the chart, it started at 1022hrs. Never starts at the open, I just figure they have to finish their coffee and donuts first. Maybe their ex-cops !
How collectively naive the 'ban guns' advocates are!
This country was build on FREEDOM, GUNS and HORSES !
We still to this day respect for how the horse helped build this country. We don't eat them, steal them (you would be hanged in the old west) . and to this day we measure power in horsepower ! They worked the farm, got us to where we needed to go, and we rode them into battle.
Guess you can see I like Freedom, Guns, and Horses !
I DON'T LIKE OBAMA !
SWHC lowered guidance from 147.3 to 145M BIG DEAL ! That's less than 2% but with the number of HEADLINES you would think it was HALF as one poster this hour stated incorrectly.
Of course.What stock doesn't rally when the company puts out guidance that is half of what was expected?
You don't seem ti know HOW THE GAME IS PLAYED. Are you new to investing ? I have been doing this over 50 years. Learn how to read between the lines It's not what they say it's why they say it !
todays action will tell. I think it will dip into the 11s, but what do i know
As I said this morning everybody that wanted out got out yesterday. This is going to be a green day and maybe an early close on the offering.
Those Targets seem to make sense to me. I have a gut feeling that after the "Big Boys" start trading after 1000hrs we will start going up and end the day in the green. People had time to go thur the numbers and the CC and they show this company is on track. With Obama,s help we could see a record next quarter. The more he talks, the more guns are sold.
It doesn't help that Rite Aid's management doesn't communicate with the Street as well as its competitors do. However, Cramer remains bullish on the stock, saying it will go higher along with CVS Health (CVS) and Walgreens Boots Alliance (WBA
There must be some self serving POS longs out there that can explain how the company's own pathetically weak guidance should be disregarded.
That's easy. You set the guidance for something you KNOW you can beat. When I gave a customer an estimate at Xerox to repair a copier I ALWAYS gave a high estimate that way chances were that the total cost would be LESS than what I guoted them and I was their hero but if it cost more than your estimate LOOK OUT, you were dirt !
When they set those Guidance numbers they use the worst possible out come, then they have 3 months to hit a homerun and make everybody happy !