Rite-AID (RAD) Overdone or Done In? Message Board

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Non-Tech : Rite-AID (RAD) Overdone or Done In?

RAD 0.648

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Oct 16 5:00 PM EST

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To: Larry S. who wrote (361)	11/16/1999 3:46:00 PM
From: Larry S.	Read Replies (2) of 700

We dodged a bullet. The news that held up RAD today was that they would file a report outlining why their accounting firm resigned. This remains serious, but was not a chap 11 filing. It will be very revealing what they have to say. RAD remains a high risk investment, we probably have not seen the lows, and a chapter 11 filing remains a real possbility, especially if it becomes necessary for the company to continue to receive goods in the short term. For those with courage, the risk/reward ratio remains high. but it will be challenging. larry

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