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6 pts

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

Oct 10, 2007 03:41 AM GMT
Return Risk
-6.00% HIGH
Associate

Technical Analysis  

Rite Aid continues to have a tough time working in its acquisition of the Brooks and Eckerd chains.  But this retail pharmacy giant will bounce off of its lows. Acquisition has been the name of the game with this sector just ask CVS with their purchase of Caremark. Everyone is trying to grow to keep pace with Walgreens. So buy RAD with support levels at its 52 wk low on the year and ride through the growing pains of their acquisitions to higher gains.


RAD:  This call was made on 10/10/07 @ $4.46
Rating:   Positive   $4.46 (10/10/07)
Closed:   10/11/2007 @ $4.32 (-3.14% in 22 hours)
Target:   in > one year
Allocation:   66.8% of portfolio


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J Gotti previously rated RAD
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