Rite Aid Corp (RADCQ)

[Odessa99]

The Seeking Alpha article dated May 14 that I referenced (see link below) takes short term liabilities, as well as long term debt, into consideration. A large part of the computed value in the analysis is derived from several off balance sheet items, as well as undervalued assets on the balance sheet. If you read the complete article, you will find a relatively thorough analysis, inclusive of debt.

Since the author was long Rite Aid as of the release of the article, a case can definitely be made that the author's bias could have lead to an overly generous valuation. But beyond the article, it should be noted that with about 54 million common shares outstanding, and revenue per share of nearly $400 ($21.5 billion divided by 54 million), Rite Aid at under $8 per share leaves alot of room for an upside move, in my opinion.

article link:
https://seekingalpha.com/article/4263822-rite-aid-r-e-l-x

Hes only considering the value of the ASSETS, what about his valuation on the debt?? Thats obviously the overarching issue management needs to figure out before the price can ever go back up

RAD