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6 pts

Opinion on  Rite Aid Corp (RAD)     Sector: Services  >  Industry: Retail (Drugs)
Stay the course...

Oct 11, 2007 01:53 AM GMT
Return Risk
-1.91% HIGH
Associate

Call me risky, well maybe not. RAD set new 52 wk lows and this is a good opportunity. Call it the contrarian in me but the short sellers will be recovering quickly when this stock rebounds. I like the recent upgrade by HSBC and they noted that the stock should reach 4.70. My target goal is reflective of this price. I'm buying more shares here at this price as Barron's reported that a Canadian pharmacy, also its largest shareholder, is also incrasing its stake.  Still figuring out this site, so it looks like I will have to upgrade the stock to increase my position.


RAD:  This call was made on 10/11/07 @ $4.32
Rating:   Positive   $4.32 (10/11/07)
Closed:   10/27/2007 @ $3.97 (-8.10% in 16 days)
Target:   $4.70 (+8.80%) in > one year
Allocation:   66.8% of portfolio


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