I think it could be. There are so many shorts at this time that one day or another, they will have to cover.
Remember that it is always dangerous to short a stock at this value especially in the case of Rite Aid.
RAD is not expecting going bankrupt as they will have tons of money flowing in for the next 6 months and this should reduce their debt load a lot and toward a more manageable level.
Is this worth 6$ ? Not right now but once debt becomes under control yes.
So for the meantime, RAD could be a nice profit making stock if you play it right and under a short to mid term lenght.
Have fun but be careful with this one.
Remember that it is always dangerous to short a stock at this value especially in the case of Rite Aid.
RAD is not expecting going bankrupt as they will have tons of money flowing in for the next 6 months and this should reduce their debt load a lot and toward a more manageable level.
Is this worth 6$ ? Not right now but once debt becomes under control yes.
So for the meantime, RAD could be a nice profit making stock if you play it right and under a short to mid term lenght.
Have fun but be careful with this one.
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