RAD - Rite Aid Corp (NYSE Stock)

[elvis]

Bottom Play Here

CVS Caremark, Rite Aid and Walgreen pressure retail sector
Marketwatch - January 03, 2008 10:40 AM ET

NEW YORK (MarketWatch) -- Retail-sector shares traded flat Thursday, a session marked by selling pressure brought to bear on drugstore operators Walgreen Co., CVS Caremark Corp. and Rite Aid Corp.

Shares of CVS Caremark (CVS) fell 6.7% and Walgreen Co. (WAG) dropped 5.7%. Both companies reported December sales that fell short of analysts' estimates.

Meanwhile, shares of Rite Aid (RAD) dropped 6% after the company reported an unexpected decline in December sales.

The drugstore chains blamed generic drug introductions and a slow flu season that hurt same-store pharmacy sales.

CVS Caremark said sales at stores open at least a year rose 1.8%. Analysts surveyed by Thomson Financial had been expecting growth of 4.5%.

The pharmacy chain said December sales missed its estimates because of "adverse weather early in the month, a slowly developing flu season and general economic conditions." The company, however, said full-year profit would be at the high end of its previous forecast as a result of expense controls and improved margins.

Rival Walgreen said that monthly same-store sales rose 2.6%, missing the 5% average estimate of analysts surveyed by Thomson Financial, and that total sales rose 7.8% to $5.51 billion. The December results included a 3.3% increase in comparable pharmacy sales, while comparable front-end sales increased 1.7%.

Broadly, the S&P Retail Index $RLX rose slightly to 402.41, steadying after retreating earlier at the open.

Shares of Bed Bath & Beyond Inc. (BBBY) rose slightly ahead of the company's announcement of financial results due Thursday afternoon.


Estimated Market Cap
2,218,409,086.95 as of Jan 2, 2008

Outstanding Shares
795,128,705 as of Oct 5, 2007

Number of Share Holders of Record
24,377 as of Apr 30, 2007

i don't think it's bottom yet, could be in the next few days.

[elvis]

imo it's at a bargain price right now, but i'd like to wait and see =)

[BadThad]

I almost posted this too. LOL WAG and RAD are both cheap IMO. I played WAG a couple times in the past months, made very little green because the big move never happened.

[elvis]

Originally Posted by BadThad

I almost posted this too. LOL WAG and RAD are both cheap IMO. I played WAG a couple times in the past months, made very little green because the big move never happened.

hehe cool

a friend of mine at work gave me this symbol, didn't even know it's rite aid. dunno about walgreens but rite aid is still taking the dive right now LOL new day low 2.33

[BadThad]

Finished at 2.28, down 15% today. This market is TOUGH...but I'm actually liking it even though I don't trade options. There's lots of good buys to be had, when the market rebounds I'm going to clean-up! :D

[elvis]

d/l 2.05 boys and girls if it goes below 2.00 i'll seriously consider investing and keeping a close eye for bottom.

[BadThad]

I hear you....but I'm still paranoid about the market, especially after today. I think this stock will easily see sub $2 prices and I think it's a good buy at that level. However, be prepared to have to sit on those shares for a good 6-12 months to get a decent payback.

[elvis]

i gotcha about that 6+month scenerio :P i actually work in retail and have been following there (the company i work for not RAD) stock on my watchlist for a while. they're at a 52 week low today, as well as yesterday. lower lows :o but i'm adding more in my 401k the price is really good right now, and it's the right time to buy right now imo.

i'd rather not mention the company i work for incase i want to disclose inside info, i'm in the clear

[elvis]

may get a lower 52 week low by eod! =]

6:01 AM Drugstores Are Ripe for Investment Right Now Seeking Alpha

read

http://seekingalpha.com/article/5936...ment-right-now

they been getting stomped since 12-20-07, i think bottom is soon or now

[elvis]

rsi and sto show oversold, maybe some big buys comming soon