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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who started this subject7/11/2000 12:09:34 PM
From: torquatus  Read Replies (4) of 18998
 
Pink People:

Please indulge me, I am going to pump a stock. Rite-Aid (RAD): Debt restructured and payments delayed till 2002, auditors report and earnings tonight, JP Morgan took 10% stake, Citicorp extended $1 Billion loan, new CEO Miller highly respected. Ameritrade customers have been unloading (see the very revealing Ameritrade index: they like to buy weakness and sell strength) and strong institutional buying, Friday expecially. Same store in high single digits April, May, June. Good insider buying. Compare valuations to CVS, WAG.

This constitutes a recommendation to buy a stock. Thank you.
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