Rite Aid: Smaller Loss, But I'm Not Interested

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

Rite Aid Corporation (RAD) may have reported a narrower loss this morning, but you know what? I'm still not going to buy it. As I write this, the stock is up almost 7% on great volume. The quote? $1.08. Yep, it's one of those low-priced equities.



The one-year chart relates a tale of volatility and risk. Nothing more than a vehicle for gambling, if you ask me. Wall Street players who buy Rite Aid are betting on a turnaround. I really don't see the pharmacy chain being worth the trouble right now on that count. Sure, you could invest in the concern and be surprised by a positive change in fortunes down the road, but what if that positive change doesn't occur? Well, the answer is, you'd incur opportunity costs for having capital tied up in a less-than-acceptable fundamental thesis.

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Rite Aid: Smaller Loss, But I'm Not Interested originally appeared on BloggingStocks on Wed, 23 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

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