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Rite Aid Corporation (RAD)
NYSE - Nasdaq Real Time Price. Currency in USD
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$3.00 Rite Aid(NYSE:RAD) Should Be Trading In The $3 Range.
Based on the Fall Of WBA Alone Tells Us RAD is Definitely Over Valued Just As It Shows on The Yahoo Rite Aid Page. Now Would Be A Great Time To Lock In Those Losses and wait 31 Days if You Feel The Need To Own RAD……………ace
Uncle Scam out of credit!
Here's some good news for RAD longs! The only credit rating lower is D as in default:
S&P Downgrades Rite Aid Corp. To 'CCC+' From 'B-' On Weakening Performance; Outlook Negative
By MT Newswires
— 5:08 PM ET 05/19/2022
Rite Aid(NYSE:RAD) Is Still On A Downhill Trek. It looks as though there will be no end in sight and may be the Last Will & Testament. Its really sad to see it end this way……………………ace
Be Careful. Looks Like RAD Is Setting Up To Fall Hard. It Seems They Were Expecting At Least A 12% Covering That Is Not Taking Place. Shorts Are Locked In Dumping May Be Fierce……………….ace
Disaster, Other boards now stating BANKRUPTCY pretty much a given.
Wonder what morning you'll wake up to Zero PPS.
BREAKING NEWS: Rite Aid(NYSE:RAD)
After Spending Hundreds Of Millions Remodeling and/or Renovating, Rite Aid Recently Announced The Closing Of 1 Store Every 2.5 DAYS for a Batch Total Of 145 Stores. WOW 145 Stores Marked For Closure!
Rite Aid Was A National Chain Turned Regional after Selling 1932 Stores To WBA. Looks like they could be headed to Ma & Pa Shop in the near future…………….ace
$4 more to delist, God job Heyward!
IF Rite Aid Debt Is More Than $400 MILLION It Would Be Way Too High For This Struggling Company. Rite Aid Is Running Out Of Assets To Sell and its PBM isn’t worth The Paper It Is Wrote On. Before the PBM Lost The One Larger Customer, they had it at best worth $1B. I believe that number to have fallen since then.
Be Careful ………………ace
With Retail Numbers As Of Late, I See RAD Testing The $4 All Time Low.
When You Are Posting Losses As RAD Is(1+Million Per Day) and Closing Stores Like There Is No Tomorrow(145) . Don't Talk About Cash Flow! ………………..ace
PS. RAD Investors Are Smarter Than That??
Cash Flow: Closing 145 Stores Will Definitely Increase Cash Flow. I will also LOWER REVENUES and Increase The Average Debt Per Store. How many more stores will RAD Target For Closure?? At some point, You would think They would fire 25% of Corporate?? …………………….ace
EMT disappears and T-Marge shows up, strange. If you think RAD is going to have better results than a couple large retailers recently reported, investing might not be for you.
Verge of BANKTUPTCY, Numerous store closures, Ghetto locations remaining, Probably Won't exist by end of Summer.
Step 1: Create “Stores of the Future”. So profitable and so amazing! Yeah, no.
Step 2: forget Stores of the Future. Let’s remodel, reinvent and rebrand all stores. Yeah, no.
Step 3: Close 65 stores, sell the HQ, sell anything not nailed down. That will get us some much needed cash to burn.
Step 4: Close 145 stores. It’s getting hot in here with interest payments due and cash is at a premium with our razor thin margins after all the Shoplifters take their share.
Step 5: ?? Scared to find out. 😉
Just Remember, When a judge Approves a bankruptcy, The PPS goes STRAIGHT DOWN!
For the record, $RAD now @ $0.29 pre-split stock price... Just a reminder what you're invested in here. Rite Aid has been showing you who they are for a couple decades now and some just don't want to listen.
In June of 2021, RAD was over $22. What does that tell you About this Crash and Burn company?. Some of you Hard Head Longs will never learn until you are at zero.
Evidently Closing Stores and Transferring Customers to other stores is not working as the Revenues have fallen around $2,500,000,000 Since This Charade Has Started . In case you are Jazz/Brave > that Is $2.5 BILLION…………………..ace
RETAIL HIT THE BRAKES. Business Technology On The Rise!
RAD Longs(Pimps) Desperately Trying To Salvage Their Positions. RAD Is A Store Closing Money Losing Machine That Lowered Revenue Guidance Even Lower Than I Projected. THATS BAD!! Retail Is Out Right Now And Business Technology Growth Is In. You Heard It Here First……………..ace
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