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RE: Rite Aid (NYSE:RAD) Remains a Stinker Despite a Potential Deal with Walgreens
People have been saying that when RAD stock fell to $7, then $6, then $5, then $4...and on and on. Eventually, they may be right, but historical performance is not very encouraging. Rite Aid needs to revamp their business and strategy, which is possible, but this could go either way.
Well said.
Im not worried about the business im just paying attention that the fall to the lower its trading at now is based on the Walgreens merger not happening the business was the same before that fall. Watch ive already made profit got in at $2.25 but ill let you know when and where i get out at there is always an opporitunity in the market no matter the condition.