Rite-Aid is trading round 2 bucks and this had been a dog with the only hope of salvation being the Walgreens buyout deal which recently reduced the number of stores it would buy. So will this be another worthless retail brick store or does it have potential to turn on today’s news?
It has 4,621 locations in 31 states. Analysts expect the company to post a loss of 2 cents per share. A key result will be the impact of the recent sale of 1,932 stores to Walgreens Boots Alliance for $4.38 billion. We have this one dialed in if you want to meet me in the Trade Room today and trade this dog. At $2 bucks it could be a nice profit in your pocket.