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 (362)	11/20/1999 8:27:00 AM
From: Tatnic	Read Replies (1) 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 <<< Its only a matter of time, IMO, before the chapter 11 filing hits the street. This little dead cat bounce will just entice more bottom fishers to lay their money down and watch it disappear. SEC has begun their formal inquiry, fraud charges being sought in Penn, State of Florida looking into company overcharging for prescription drugs, what other warnings do people need?

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