SI
SI
discoversearch

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 0.6480.0%Oct 16 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KJ. Moy who wrote (13)3/1/2002 10:08:24 AM
From: Marty Rubin   of 42
 
KJ,

I wanted to get this new thread going and it was a bit of a rush to just post links on main page and start it already. I emailed SI twice regarding subject line, and hope they will add symbol.

I'm with you regarding the short selling done for such prices. Not only did we (potentially) have millions of shares coming from the settlement, but we also had fear of default in case RAD messed with covenant in later part of 03. Because I (wrongfully) expected an appeal, the share dilution was not an issue (at least it would have been delayed). But what I was looking for is amendment to covenant, losing sleep over this because I rarely invest in companies with a short-term probability breach.

As to guidance, it's a guessing game. They know 02 will be met because only a few days were left for the year the day of RAD's PR; but 03 is anyone's guess. SSS will be good for Feb (due to late peak of flu season), which is in 02. (FY03 starts this month). With the amendment, there's flexbility for 03, so if credibility is an issue there's less to fear.

As to feeling bad about not buying more, stocks go either way. You can always buy more, but what's the point? The question you may ask yourself: can I sleep good with current position bearing the ups and downs of the markets?

Marty
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News