Replies to post #9815 on Rite Aid Corp (RADCQ)

[Lazarus]

Dood you crack me up. Weren't you doing charts over on the TREP board when the stock was much higher. Now touting RAD.

You are aware that thy have approved a reverse split? -- eh?

Personally, I'm not averse to reverse splits but it really depends on the financial shape of the company and why they are doing it.

Do you even know what WORKING CAPITAL IS?

Working capital is the difference between current assets and current liabilities. (look at their last Q)

RAD is piss poor shape AND in about a week they will be releasing earnings... which I suspect will not be good news for shareholders.

The RS is likely to both keep it trading on the NYSE AND don't be surprised if they don't issue more shares to keep the boat afloat.

Worst case scenario they announce plans to enter into chapter 11 and the stock will be under a dime -- post haste.