Question:

Will Rite Aid stock go up and why????

by  |  earlier

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Just wondering if I should invest in Rite Aid. It is at an all time low.

Ten years ago it was almost $50 a share now it is at $1.39. I know they spent alot of money on aquiring the Brooks/ Eckerds chain, but when will this investment start to pay off??? Thanks.

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3 ANSWERS


  1. There's always a reason a stock gets as low as $1.39. Very few stocks ever make it back when they go from $50 to $1. The reason is usually that everyone that was invested in it voted that it was not going to make it.


  2. Very doubtful.  They arent making any money.  They are projected to lose 17 cents next year too.  No risk premium.  They also have a large debt load.  Their interest expense is more than their operating income.  There is no leverage.  You would be better off taking the risk free rate and investing in treasuries rather than RAD.

  3. I have been looking at the stock RDA (Rite Aid) all the way down to this price range...I don't understand myself...I think they are trying to shake everyone out of the stock. RAD (Rite Aid) just started to open a lot of there store fronts in Massachusetts..So how bad can they be doing? Good luck....Look at SIRI  (Sirius radio)same thing happened to that stock...They do over a billion dollars in business a year and close to merging with XM (XM Radio) and the stock is only $1.92. The market is so manipulated look at oil give me a break... Old money in this country want to start drilling in all our reserves or there reserves that have been stopped by environmentalists.. SORRY went on a splurge

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