Stock of the Day
Stock of the Day
Out of context: Reply #121
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- sarahfailin0
I've been watching Rite-Aid (RAD) stock for a while and it is at the lowest it's been in years. Walgreens has also been in the dumps.
A friend who is an investor with Wells Fargo told me she expects that Rite-Aid may get bought up by someone like Amazon who will want to take advantage of their pharmacy licenses/locations. Their storefronts are shit, but their pharmacies are still a moneymaker.
- they say anything about Amazon dumping the Rite-Aid name / brand and just taking advantage of the existing real estate or would they keep it and prop it up?PonyBoy
- Interesting. I can't find any reliable info on Amazon buying Rite-Aid, but lots on their launch of PillPack this week, getting into the pharmacy business.monospaced