Opinion on  Rite Aid Corp (RAD)     Sector: Services  >  Industry: Retail (Drugs)
RAD Reloaded

Mr. 3 runs about 3,300 drugstores in 27 states and Washington, DC. Rite Aid stores fill prescriptions (accounting for about 63% of sales) and sell health and beauty aids, convenience foods, and other items, including more than 2,700 private-label products. More than half of Rite Aid stores are freestanding. No longer content being a distant third behind Walgreen and CVS, Rite Aid has agreed to acquire about 1,860 Brooks and Eckerd drugstores from Canada's Jean Coutu Group in a deal valued at $3.4 billion. In return Jean Coutu will receive a 32% stake in Rite Aid. Very promising future for RAD. Plus, Cramer is right, this baby is recession proof.