Rite Aid Corp (RADCQ)

[Odessa99]

Rite Aid was profitable during two quarters in 2018. They have just articlated a staff cutting plan which will bring them back into profitability after one ugly quarter of one-time charges. As a profitable company, they would likely be worth at least .25 times annual sales (since the avg profitable large cap company is worth more than 1x annual sales). That would make them worth at least $5 billion on $21 billion in sales, which is more than $5 per share).

As always, simply my opinion.

I see nothing that can save this company. The officers seemed to know this for a couple years now as they've tried desperately to dump the company.

RAD