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Non-Tech : Rite-AID (RAD) Overdone or Done In?
RAD 0.6480.0%Oct 16 4:00 PM EDT
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To: Paul Lee who wrote (674)2/8/2002 10:18:10 AM
From: Marty Rubin  Read Replies (1) of 700
 
I plan to start a new msg board for RAD this weekend.

I belive yesterday was a turning point with the hiring of new director.

Although it may take a few months to prove me right, I believe most of the damage had already been committed; debt downgrade (a nutch yesterday by Moody's) will only affect the short-term perceptive of the company, as it has no need for new cash for the next 18 months, and likely not to borrow for the next 5 years as cashflow improves to repay debt.
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