|Bid||6.76 x 2000|
|Ask||7.11 x 300|
|Day's Range||6.80 - 6.92|
|52 Week Range||5.62 - 21.77|
|PE Ratio (TTM)||-2.41|
|Earnings Date||Dec 6, 2017 - Dec 11, 2017|
|Dividend & Yield||0.24 (3.36%)|
|1y Target Est||7.50|
A Memphis-based public company has amended and extended its shareholder rights plan. Fred’s Inc. announced Monday, Sept. 18, it had amended its shareholder rights plan as a way to protect the company’s net operating loss carryforwards (NOLs). “The purpose of the amended rights plan is to protect shareholder value by preserving the company’s ability to use its NOLs and certain other tax assets (tax benefits) to offset potential future taxable income and reduce federal income tax liability.
Fred’s, Inc. today announced that its Board of Directors has acted to protect the Company’s valuable net operating loss carryforwards by amending and extending the Company’s existing shareholder rights plan which was set to expire on September 25, 2017 .
Like a game of poker, Rite Aid is a tempting combo of psychology, probabilities, and dumb luck. Specific to RAD, InvestorPlace contributor Lucas Hahn argued that we should analyze the pharmacy through its enterprise value. Rite Aid’s market capitalization is $2.63 billion, or a 267% discrepancy.