Rite Aid Down on Q4 Report

Filed under: Earnings Reports, Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)

Rite Aid (RAD) continues to be a stock that I want to avoid. I know it's risen a lot over the last year, but such price action doesn't sway me in this case.

You've got to be careful when a company reports a loss, even if that loss is narrower than what was reported in the comparable period. In the fiscal fourth quarter, Rite Aid lost 24 cents per share. Last year at this time, the red ink came out to $2.67 per share. Yes, this is a vast improvement; same thing happened in the third quarter back in December of last year.

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Rite Aid Down on Q4 Report originally appeared on BloggingStocks on Wed, 31 Mar 2010 18:30:00 EST. Please see our terms for use of feeds.

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