1.56 -0.03 (-1.89%)
After hours: 4:18PM EST
|Bid||1.58 x 73400|
|Ask||1.58 x 300|
|Day's Range||1.52 - 1.59|
|52 Week Range||1.38 - 8.77|
|PE Ratio (TTM)||18.93|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
In 2017, the PetMed Express (PETS) website attracted ~32.0 million visitors, ~8.0% of whom placed an order for a conversion ratio of ~25.0%.
When Walgreens announced its intention to buy Rite Aid for $9.4 billion in October 2015, RAD stock was trading around $8 and darn close to decade highs. Now, RAD stock price is just $1.50. A scrapped acquisition won’t be the catalyst that bankrupted 55-year-old Rite Aid.
Rating Action: Moody's Affirms One Interest Only Class of NLFC 1999- LTL1. Global Credit Research- 09 Nov 2017. Approximately $30.5 Million of Notional Structured Securities Affected.
Dismembered by Walgreens Boots Alliance Inc (NYSE:WBA) and awaiting the swoop of Amazon.com, Inc. (NASDAQ:AMZN), Rite Aid Corporation (NYSE:RAD) is dead in the water. While buying Rite Aid would give Amazon a collection of assets including a pharmacy benefit manager (PBM) and over 2,000 retail outlets that could expand its physical presence beyond Whole Foods, Amazon doesn’t have to buy Rite Aid to get into the pharmaceutical market. If Amazon stays offstage, Rite Aid has no good options.
In the span of a year, Fred’s Inc. has experienced some highs and some lows — to say the least. News broke in December 2016 that the Memphis-based pharmacy and general merchandise store was poised to become the third-largest drug store chain in the country as part of a $950 million deal with Walgreens Boots Alliance Inc. Walgreens and Rite Aid announced a new agreement at the end of June 2017 that removed Fred’s from the equation — an attempt to satisfy Federal Trade Commission (FTC) approvals.
Three weeks ago, I penned some thoughts on struggling drugstore chain Rite Aid Corporation (NYSE:RAD). The impending deal with Walgreens Boots Alliance Inc (NASDAQ:WBA) will certainly put more cash in the company’s coffers. With a smaller footprint, Rite Aid is increasingly more unlikely to become more competitive with Walgreens and CVS Health Corp (NYSE:CVS).
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Rite Aid Corp. Here are 5 ETFs with the largest exposure to RAD-US. Comparing the performance and risk of Rite Aid Corp. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
Honestly, I feel for Rite Aid Corporation (NYSE:RAD) shareholders. A little over two years ago, Walgreens Boots Alliance Inc (NASDAQ:WBA) announced it would buy the company for $9 per share. It’s been an awful run for RAD stock, but that doesn’t necessarily mean Rite Aid stock is cheap.
Rite Aid Corporation (NYSE:RAD) finds itself a distant third in terms of drug store numbers, valuation, and profits. Walgreens Boots Alliance Inc (NASDAQ:WBA) and CVS Health Corp (NYSE:CVS), Rite Aid’s most direct competitors, dominate the retail drug store market. Rite Aid faces a well-unknown but rarely discussed problem. The company lacks what the French call a raison d’être, or reason for being. If Rite Aid disappeared tomorrow, retailing wouldn’t miss a beat.
Rating Action: Moody's Affirms Twelve and Downgrades One Class of BSCMS 2004- PWR6. Global Credit Research- 27 Oct 2017. Approximately $99.0 Million of Structured Securities Affected.
Pharmacy shares tumbled after a report indicated that Amazon might now be able to start selling prescription drugs online.
Walgreens said Wednesday that it will shutter 600 stores early next year following its $4.4 billion Rite Aid deal. The closures will be mostly Rite Aid stores, but may include some Walgreens locations, per Crain’s Chicago Business . The company plans to shut down stores within a mile of another Walgreens or Rite Aid location.
Walgreens plans to close about 600 drugstores as it completes a $4.38 billion deal to buy nearly 2,000 from rival Rite Aid. Company spokesman Michael Polzin said Wednesday that most of the closings will ...
Walgreens Boots Alliance will begin to rebrand more than 1,900 Rite Aid stores at a cost of $750 million over the next three years.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on October 23. Index (PMI) data, output in the Consumer Services sector is rising.
Walgreens Boots Alliance Inc. shares rose 3.3% in premarket trade Wednesday after the company reported fourth-quarter profit and revenue beats. Earnings for the latest quarter fell to $802 million, or ...
U.S. drugstore company Walgreens Boots Alliance Inc's profit fell 22 percent in the fourth quarter, hurt mainly by a more than $300 million fee it paid Rite Aid Corp after their failed attempt to merge. ...