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Rite Aid Corporation Message Board

widownv 9 posts  |  Last Activity: Sep 18, 2014 8:20 AM Member since: Apr 8, 2005
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  • there is not a Q2 CC listed on the website.

  • Quit whining about management too. Look at what management has done to bring this company where it is today. Bandwagon Jumpees need not apply......go home.

  • Reply to

    OT - garrigan69 - RSH

    by distantdrummer Sep 8, 2014 3:33 PM
    widownv widownv Sep 9, 2014 5:59 PM Flag

    Wedbush analyst Michael Pachter and team lowered their price target on RadioShack (RSH) to $0. They explain why:

    In May, RadioShack announced that it was unable to successfully negotiate consent from its lenders under the 2018 Credit Agreement and Term Loan to close up to 1,100 stores. The terms offered by lenders were not acceptable to the company. RadioShack’s operational decisions are now being vetted by creditors and equity investors are no longer relevant to management decisions—the creditors clearly are in control of the ship and, in our view, the ship is sinking. The credit agreement allows the closure of 200 stores per year or 600 over the life of the agreement. We believe a bankruptcy reorganization is imminent…

    We believe brick and mortar electronics retailers will see persistent structural decline as Internet sales continue to take share. Best Buy (BBY) experienced comp declines of 2.7% for Q2:15. Domestic Q2 sales were down 2% overall, and store level sales were down roughly 4% without the contribution of over $100 million incremental online sales. Notwithstanding significant investments in price competitiveness, we see continuing evidence of traffic deterioration and lower productivity for Best Buy’s retail foot print. RadioShack has less financial flexibility to invest in price competitiveness, and its primary business is as a consumer electronics “convenience store”.

    RadioShack will release its financial results on Thursday morning, and Pachter sees a big, big miss in RadioShack’s future. He expects RadioShack to report a loss of 66 cents, well below the Street consensus for a 36 cent loss, on sales of $762 million, well below forecasts for $893 million.

    Shares of RadioShack have dropped 4.9% to $1.16 at 2:30 p.m. today.

    A call to RadioShack requesting comment hadn’t been returned at the time of publication.

    UPDATE: RadioShack declined to comment.

  • clicking on an ace post or clicking on a poster who incessantly talks about ace?

  • widownv widownv Jul 31, 2014 8:24 AM Flag

    another way to look at it is realizing McKesson's 37% increase in sales is from actual demand to which part of that demand came from rite aid purchases. this translates into more pharma sales for rad which also translates into profit. the mck post is a positive for rad

  • Reply to

    Major Move Set-Up--Coiled Spring Formation

    by distantdrummer Jul 24, 2014 12:16 PM
    widownv widownv Jul 24, 2014 3:15 PM Flag

    Some traders refer to triangles as “coils” because the trading action gets tighter and tighter until the market breaks out suddenly and powerfully. What happens is that buyers and sellers become more and more unsure about where the stock is going until, finally, the stock moves significantly, releasing all the stored energy like a coiled spring

  • widownv by widownv Jul 18, 2014 9:34 AM Flag

    hope you were using your bingo money

  • Reply to

    obama sucks

    by widownv Jul 2, 2014 1:15 PM
    widownv widownv Jul 2, 2014 1:47 PM Flag

    I have had regular RAD posts that never made it....several in fact

  • widownv by widownv Jul 2, 2014 1:15 PM Flag

    really he does
    post went thru

RAD
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