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Rite Aid Corp. (RAD-N) opinion on 2016-10-11

Last Price Recorded: 1.5400 on 2017-11-16

ON STOCKCHASE SINCE Feb 2002

specialty stores
TOP PICK

Dean Orrico
Rite Aid Corp. was $7.370 at time of opinion
Owned : Yes

About a year ago, Walgreen Boots Alliance (WBA-Q) wanted to take this over in a friendly deal, at $9. For the better part of 9 months, the stock didn’t move. There have been a number of M&A transactions in the healthcare space that didn’t work out, so all the risk arbitrage players who were focused on healthcare weren’t playing it. He is sure this is a transaction that is going to happen, which would give you a 20% lift.

BULLISH on HEALTH CARE

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All opinions for RAD-N (23)

1 BUY
3 COMMENT
13 DON'T BUY
3 HOLD
1 PAST TOP PICK
1 SELL
1 TOP PICK
View All

More experts covering RAD-N

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Add RAD-N to Watch List
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1 Comment

livesinhiscar

October 12th 2016 at 7:10am

What would be the downside if the deal is not approved?


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