Opinions
Benj Gallander
Fred’s Inc.
FRED-O
TOP PICK
May 22, 2018
N/A
Stock price when the opinion was issued
0
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This is an incredibly risky stock. Its price has declined so much that has become a very small cap ($60 million). It could go up 10x or go to 0. Fred’s is in the drug store business, was looking to take over some of the Rite Aid chain but did not. They’ve been losing bags of money. The new interim CEO wants to eliminate the company’s debt. They sold off their specialty pharma business to CVS and will sell more of the company. The company is cutting expenses. It could be taken over. Its book value is $6. (Analysts’ price target is $4.50)