A company everyone was writing off as imminent bankruptcy. The same this was going on with Rite Aid except for different reasons. Rite Aid was saddled with huge debt and no one was shopping at their stores, instead they were at the competitors Walgreen and CVS. Then John Standley came along, implemented cost cutting structures, remodeled stores and sales began to grow.
I see the same execution style taking place with Julian Geiger at the helm now. After reading their business update today, it strongly reminds me of what Rite Aid did years ago to turn the business around. Rite Aid was trading at 35 cents and now is being sold to Walgreens for 9 bucks a share. My gut says ARO will not go BK and their initiatives will improve their balance sheet. Several years out, but I see a lot of Rite Aid in this company.
I never said that. you voted for Obama, right? a twicer is my guess. if they reported a whopping 5% front end sales, the stock won't go past $9. that's my point twicer. btw, I own a business for 22 years now. I sign the front and the back of my paycheck....how bout you?
one more thing genius, if you have paid attention to the SSS monthly reports, you would know the quarter will be mediocre.
seriously, so what at this point? it won't go over $9 regardless of how good the Q will be. the only thing that will materially affect the stock prices is another bid or a failed merger.
well some of them are getting out now. why? when they could realize $9 per share in 6-8 months. I hope this means they think the deal will fall through. common sense makes me ask why these players would not want a solid 15% gain.
these guys are awesome