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Strategies & Market Trends : Rande Is . . . HOME

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To: American Spirit who wrote (13589)	10/18/1999 10:47:00 AM
From: Rande Is	Read Replies (1) of 57584

Bought RAD [Rite-Aid] on following reasons: Technical bounce/near-term breakout. . .though long-term still very weak. . . Rite-Aid was awarded pharmacy contract with Healtheon . . . you order your prescription online through Healtheon, then pick it up at local Rite-Aid. Rite-Aid made a major investment in Drugstore.com. . .which some expect will be the Amazon of the prescription biz. Adding ATM machines to their bricks & mortar stores. . . To me these deals show that management has taken Rite-Aid in the right direction for the biggest growth in the sector come the new millenium. CVS, Eckard, Walgreens and Longs have not made these same news. . . .the only one that is even close is Phar-Mor. . .but they carry much cash flow baggage from earlier management problems. And their deals are small time by comparison to those of Rite-Aid. Retail stocks are also at lows here. . .so as the sector turns, even more strength could be seen. This is a position play on the turn, yet could also be a long-termer. . .since it has lost so much ground in recent years. . . and since it will take a half year or more to see some of the new revs from these internet deals. Rande Is

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