I use to hold LF until I sold it because of the drop to $8 but I always continue to follow stocks that I use to own to see the changes and how their doing. Checking on LF I found some "Red Flags"............
The current estimated earnings has been lowered and that's never a good sign.
Next quarter's revenue (42M), is less than this current Q (48M) that ain't good.
Shares "short" have increased .
Zacks rates LF a Strong Sell.
TD shows 1 Buy (Market Edge), and 3 Strong Sells.
Jaywalk Consensus of Independent Research Providers shows 6 strong sells, 3 sells, and 1 hold.
As to the question what to do, you never know. The stock has been beaten up so bad the least little positive thing could be good for the PPS. In my case I wouldn't trust it. I don't have money to lose. Good Luck !
Quit bashing it's not going to work
I don't know what you mean by "bashing" and what is not going to work ? I stated my opinion that after earnings the stock will drop into the 7s, and may interday fall into the 6s. You think an opinion is "bashing" then so be it. Believe me I don't care. These M.B.s don't move the market either way and everybody that is civil is free to post. Good Luck !
You're right, Cramer has a show to perform on and he has to stir things up by being loud and making noises. He seems to be right more times than wrong but I would never buy or sell because of anything he would say. Most MB say LOOK OUT if he puts a "Buy" on the stock they hold, then they worry. If he REALLY KNEW what a stock would do he WOULD'NT HAVE TO BE WORKING ON THAT SHOW.
I noticed that also and it's a plus for RAD. It's one of my "Key" indicators I use in all my stocks. Most small investors hate "shorts" but like it or not, they are better investor's than the longs because they have to be.
Next week is going to be one of those weeks where good news is bad and bad news is bad, because of the employment numbers and fear in interest rate changes. RAD has not had an SEC filing in 40 days. The earnings release will confirm alot as to where RAD is going. The "Bar" has been set VERY LOW so they better beat it or the bottom will drop out. Good Luck.
It's all up to you but stop-loss triggers can be a bad thing to use. Have you ever seen a stock's PPS drop like a rock in a matter of seconds leaving a "waterfall" chart pattern, then at the lowest point the stock begins to recover. That can be stock "manipulation" from hedge funds that can see all of the stop-loss triggers and will trigger them. That usually only happens once in a day then when people come home from work they find they loss their stock at the low of the day.
When the stop loss is triggered, your stock is automatically sold at the market at the best available price
In reality, in a fast market when the stock gaps down (during flash crashes, breaking news, or fake tweets), your stop loss is triggered. The bad news is that it will be triggered at the next available market price, which could be many points lower.In other words, your stock could be automatically sold at the lowest price.
Another problem with a stop loss order is that when you enter it into the computer, the order is transparent. A game that some market-makers played (these days, it will be computer algorithms) is “run the stops,” when the stock is forced low enough to trigger a large cluster of stop loss orders (usually at round numbers or well-known support and resistance levels). After the stock is sold at a popular stop loss price, the stock reverses direction and rallies.
...just want reassurance from longs. Will this top $9 anytime in the near future? Please give me hope Longs...
Maybe the fact that most analysts STILL rate RAD a BUY or HOLD at the least with NO SELLS which I may add I don't agree with but I'am not above being wrong and they have more resources than I do. I guess they see something good in the stock. Good Luck, hope that helps !
Negative growth for this quarter, Next Quarter, and Next Year
How can you believe the PPS will ever go up without GROWTH ?
Growth Estimates (from ZACKS) Estimated Earnings from ZACKS 2 cents , 3 cents on Yahoo. PE 39 !
Current Qtr (05/2015) #$%$00 NA NA
Next Qtr (08/2015) -56.92 NA NA
Current Year (02/2016) 8.80 4.50 6.30
Next Year (02/2017) -36.80 8.80 8.90
actually the boards really are a mess. Lies and lies on most sites.
Actually this is not a bad MB at all. Most people are civil except for one those name starts with a "p" who just throws insults if you say something he can't stand to hear. Some things that people call lies are things they don't understand so I don't think they mean to do it. Very few are nasty and just want others to lose money. I hate to see anyone lose money but I enjoy the "game" and to see who is right.
The only thing I like to see is no name calling and allow both sides to argue their position and a SMART investor WANTS to hear both sides. It's a good MB. Good Luck !
Sign of things to come even if Estimated earnings have been lowered 3 times.
NEW YORK (TheStreet) -- Shares of Rite Aid Corp. (RAD - Get Report) are down by 0.35% to $8.64 in mid-morning trading on Thursday, after the retail drug store company reported an increase in its May 2015 same-store-sales that fell short of what analysts were expecting for the month.
You got it about right including the 10% dilution.
I always hate these things over the short term but if it's a good company it can pay off in increased earnings.
From the SEC File:
On June 4, 2015, Teekay Tankers Ltd. (“ Teekay Tankers” or the “ Company” ) entered into an Equity Distribution Agreement (the “ Agreement ”) with Evercore Group L.L.C. Pursuant to the terms of the Agreement, the Company may sell from time to time through Evercore Group L.L.C., as the Company’s sales agent, shares of its Class A common stock having an aggregate offering price of up to $80 million (the “ Shares ”). Sales of the Shares, if any, will be made by means of ordinary brokers’ transactions on the New York Stock Exchange at market prices, in block transactions or as otherwise agreed by the Company and Evercore Group L.L.C. The Agreement provides that Evercore Group L.L.C., when it is acting as the Company’s agent, will be entitled to compensation of 2% of the gross sales price of the Shares sold through Evercore Group L.L.C. from time to time.
Looks like Rite-aids Numbers can't even keep up with the cost of living !
Another down day.
You must carry part D or pay a fine of 1% per month you go without part D compounded forever-cash price comparison make no sense. Did you not get on medicare.gov and do a comparison of formulatories and prices with every part D and pharmacy in your zip? Educate yourself ace!
What are you talking about ? Insurance or not the price of the drug goes down from the cash price for everybody who has insurance, so to compare APPLES TO APPLES you need to use the CASH PRICE to start with that will set the price then EVERYBODY reduces the price depending on the insurance. No you DON'T need Part D if your STATE has a drug program for the low income like PACE or PACE NET in PA or you have VA drug coverage or if your married your better half has drug coverage for both of you if you use a private insurance company that runs your Medicare program. YOU EDUCATE YOURSELVE ACE !!!!
The insurance does not discount more for Rite Aid then any other Drug Store so if they start with a higher CASH PRICE the net will still be more expensive.
Because everybody has different insurance everybody will pay a different price for a drug. The ONLY fair way to compare is to start with the CASH PRICE. Many times I get a drug at Walmart for FREE, no charge because the insurance picked up the total charge and that's the benefit of Walmart charging less that what is allowed by the insurance for the drug.
Bottom line RAD, CVS and WBA are going to have a hard time keeping market share with the big box and supermarkets but the weak RAD will lose the most and be the first to go, just a matter of time. A 2 or 3% increase in quarter to quarter sales doesn't even cover the cost of living for a year. RAD is losing ground.
I take warafin and only pay 2.95 for 30 day supply at Rite Aide.
Reply to ating4432
You DID NOT pay $2.95 CASH PRICE for 30 day supply . You are mixing CASH PRICE which is $9.99 at Rite Aid with your insurance price which is $2.95 !
Seems a lot of other people are spinning the Insurance price they paid at RAD with the CASH PRICE.
The CASH PRICE for Warfarin at ;
Sams Club $4.00
Rite Aid $9.99
Source for all CASH prices can be found at "goodrx"
I believe you 100%. It is the truth!!!!!! What I'm saying as others are also, that price is not the only consideration. I
OK you have a pt. but remember the people that are buying the most drugs are the ones on fixed income and we have much more free time than the working class. We have the time and we need to get out of the house. We also need THE BEST PRICE.
When I was working for Xerox I had money to burn. no health problems and buying a few rounds after work was not an issue since I was single and had no family . Money was not a problem. I had cars, motorcycles, and rental homes. Now times are different and I want to leave something for my kids and 2 Labs. I want the best price on anything I buy. If RiteAid can live off the small group of young people that don't care what things cost and don't use many drugs than so be it. Their drug prices are the highest I and I just wanted to get people to check the CASH PRICE with others. It's FACT not opinion, look it up.
While checking drug prices I find Rite Aid is always the most expensive. Show me any drug @ Rite Aid that is cheaper then what just Walgreen or CVS sells it for. That should be easy.
I have to go to Cleveland today so I look forward any answers when I get back to Pittsburgh .
Just put some of your fixed income into bonds and spend your time in line at Walmart instead of this board.
You just don't want to heard anything negative, you can't stand the truth ! The drug prices are FACTS not opinions, they are recorded in PRINT but you can't handle the truth and you will keep losing money because of it. Me going away will not solve your problems. Good Day.
I guess you never checked the price before you posted daddio5x4
ALL drugs are much cheaper at Walmart and Sams club and yes people on fixed income will buy the best value product.
I'am one of those baby boomers that takes many drugs due to the fact of age. I have a choice, pay $8 for a 30 day supply of any drug to the VA or use my Medicare insurance which 90% of the time is less than $8 for a month @ Walmart. but ALWAYS more than $8 @ Rite Aid. An example is Warfarin which is a common blood thinner and ( also used as a rat poison ), is $4 a month or $10 for 3 months at Walmart but $8, 98 @ Rite Aid for 30 days much more than double the price.
So what does Rite Aid have to offer people on fixed income always looking for ways to get the most out of that fixed income. Even if other much stronger companies like CVS and Walgreen make it the market place has no need for a third small weak company like RAD with a huge debt to service. Good Luck ! I just can't see any value in RAD on June 4 one year ago the PPS was $8.50 vs today $8.51. Long way to go to make 1 penny.