Rite Aid Message Board - Msg: 17133685

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 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 started this subject	3/1/2002 8:48:31 AM
From: KJ. Moy	Read Replies (1) of 42

Marty, you really need to add 'rad' on the description line of this thread. It's hard to find. A few points and speculation on my part. 1. Volume was heavy during the share price averaging 10 days period for the settlement. I wouldn't be surprised if some of the trades were by short sellers who were counting on getting shares from the settlement. Now the settlement is in notes. These shorts need to be covered eventually. 2. The latest news were a real coup(sp?) IMO. It caught lots of people by surprise (short sellers, potential investors waiting for better price). The assurance of the original guidance of $140m EBITDA for the fiscal fourth quarter did magic for confidence. 3. This stock has less than average institutional ownership. It will continue to be volatile as it continues to improve in revenue and hopefully earnings (yes, earnings, may by second half of fiscal 2003). 4. Looking back, it becomes apparent to me that Miller and his team knows what they are doing. Insider buying and Miller on Forbes magazine was a give away. I wish I bought more.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next