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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

RAD 0.648

0.0%

Oct 16 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Marty Rubin who wrote (587)	3/17/2001 11:40:57 AM
From: Ditchdigger	Read Replies (1) of 700

I'm assuming (without going through all the filings) that RAD still owns 14% of DSCM? Any opinions on whether or not this will be a viable company? I see Amazon has a large stake in them. From RAD's filing, I take it they don't anticipate much of a recovery? "Impairment of Drugstore.com. The company has an investment in the common stock of drugstore.com, which is accounted for under the equity method. The initial investment was valued based upon the initial public offering price of drugstore.com. During the second and third quarters of fiscal 2001, the company recorded an impairment of its investment in drugstore.com. This write- down was based on a decline in the market value of drugstore.com's stock that the company believes to be other-than-temporary." Any opinions? Will the investment gain back some value,so as to be disposed of down the road, proceeds going to debt reduction..TIA for any thoughts..DD

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next