Nice. Not only is RAD due for a short term bounce, but I think people will look back at this week's price action and regret the buying opportunity. The current market cap for Rite Aid is about $600 million, less than 3% of annual sales. For a recognizable brand/company that is not in bk, that is quite low. I say they based upon the avg public company trading at around 1.5 times annual sales. Rite Aid is trading at about .02 of that avg. WHile it is far from best of breed (they face serious challenges in coming months), they are worth far more than the current share price would suggest.
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