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Rite Aid's Troubles Make It A Bankruptcy Candidate Seeking Alpha

-- expats
Forum Post
01/09/12 11:54
William

Rite Aid's Troubles Make It A Bankruptcy Candidate Seeking Alpha

Thank author of this post/commentIn 2011, Rite Aid Corporation ( RAD ) was ranked 100th in the Fortune 500. Its revenue has stayed pretty constant over the last few years, and the company has failed to be profitable as well. To add insult to injury, CVS Caremark ( CVS ) and Walgreen ( WAG ) have been profitable, so investors are led to believe that Rite Aid's struggles are company-specific.

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