Rite Aid Corp (fka RADCQ)

[Nebuchadnezzar]

I do a lot of "boots on the ground" DD for certain stocks I trade in.

I recently spoke with a manager of said Rite AID. They said business is fine, a few inventory issues/ supply issues per demand/ supply chain issues across the country.

first hand data of worker shortage. people just dont want to work or they cant find good help bc a lot of people dont want to wear masks and work or they are on unemployment or finding higher paying jobs thus forcing retail to raise wages which puts pressure on margins, thus causing lower profits or having to pass it on to the customer.

RAD, WMT, TGT, M and a few other companies have already told me where the market is likely heading.

too much unemployment pay and stimulus is wearing off. the second half of 2021 is going to be extremely interesting, 2022-2023 is going to be a very low ROI for major indices. I think 2022 or 2023 will mark the first big negative returns for DOW, SPY, QQQ, and RUS as inflation heats up, it will not be transitory unless the housing bubble explodes in the next 6 months

that's why I am hedging in food retail with CAG KR GIS K TR REYN CPB K POST KHC and a few others. people always have to eat, they dont have to buy million dollar homes 25% above cost. QQQ's are getting very prices, the ROI in housing and SPY and QQQs is very low from current levels especially once the tapering begins

RAD will gyrate btwn $12-$19 IMO