Rite Aid Investors Should Avoid Catching A Falling Knife [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
Summary After the most recent news of the termination of the original Rite Aid ( RAD )/Walgreens ( WBA ) deal set forth in October 2015 , investors have found their stock price halved during the merger saga which eventually ended up in a broken deal . A new batch of seemingly fresh investors have come onboard the Rite Aid train proclaiming that this new revised deal bodes well for Rite Aid and that investors should start accumulating shares in light of all the uncertainty. For those investors who have followed my writing, I predicted a fall to the $2 range upon a failed merger . It may be worthwhile to sit on the sidelines and wait to pick up shares at a lower valuation, in the event that shares begin to fall into the $2 range after a likely failed merger. I also presented a solid thesis on what may have been going on behind the scenes leading to a merger failure. As of this writing, the downtrend continues and it appears that the low end of my price target wi
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