The RAD Lottery Ticket Play For A Desperate Portfolio
With the rapidly expanding prescription drug market, one may take a flyer out on this stock (Rite Aid). As most of you know Rite Aid sold a vast amount of their stores to Walgreens, but the real story is those stores that were sold were in key geographic locations and created large amounts of revenue. I have been tracking this stock since 2013, and the common theme is this company is on the way back to the top. As price action shows over time this company is on the fast track to nowhere. The company is in crippling debt, and the revenue raised by the sale of store locations still isn't enough.
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