Rite Aid Corp (RADCQ)

[marylandstockguy]

OK look I know they need to pay down debt with the proceeds from the $5 billion...is that why the stock is tanking? People are seeing this as RiteAid being half the store they once were?

On the flip side, doesn't this significantly improve their balance sheet? Shouldn't they consider themselves lucky that Walgreens would pay over $5 billion for those stores - when the market cap was less than $4 billion for the whole company?

The math isn't adding up for me. I don't see this as that bad a situation.