Thursday, January 6, 2011

The Rite Stuff

My pick is Rite-Aid (RAD). I've watched this company in my IRA for 18 months and I'm baffled as to how low they trade. With over 50,000 employees and hundreds of locations, they are currenty valued below $1/s. With Walgreens, CVS, Longs and other pharmacy outlets continuing to thrive, Rite-Aid has struggled since merging with Brooks. This company has a huge footprint and I recommend it as a high-risk, AXAS-like quick turnaround to buy 200 shares and jump off whenever we can bank a positive profit. I apologize for being short, as I'm on the road, but I will inject more later this evening.

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