A Multi-Step Rx For Rite Aid's Woes [Seeking Alpha]
Rite Aid Corporation (RAD)
Last rite aid corporation earnings: 4/16 07:00 am
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US:NYSE Investor Relations:
riteaid.com/corporate/investor-relations
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Source: Seeking Alpha
A Multi-Step Rx For Rite Aid's Woes Summary A week ago, Rite Aid issued a press release announcing comprehensive change in the C-suite, with the CEO "stepping down" and the COO and CFO being replaced. While a good (albeit partial and belated) first step, further refreshment of the board of directors, as well as the adoption of corporate governance and operational best practices, is necessary. We provide herein a tailored, multipart and long-acting prescription to revitalize Rite Aid over time. The time to implement the revitalization process is now. We continue to hold a long position in Rite Aid stock, believing that the investment is attractive on a risk/reward basis. On March 12th, Rite Aid ( RAD issuing a press release Bryan Everett Matt Schroeder Mr. Everett is active on Twitter current CEO John Standley Leadership Refreshment: When More is More Since we have previously vehemently argued that leadership change (among other things) was desperately needed at RAD (see he whose bread
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