I have not commented about Rite Aid in some time now for one reason: giving time to review the proposed deal and hoping to get some news from Rite Aid.
Rite Aid has not done anything positive recently and details are still sketchy.
At this time my opinion is that i will vote against the merger as i feel the management is trying to reduce Rite Aid value to rumble at the same time that it smells like conflict of interest and a fire sale.
Am i alone to think this way?
Not at all, the number of shares shorted has increased dramatically and the short interest is at record high. Clearly, not many investors thinks this merger is a positive for Rite Aid.
Then this morning a site has just emerged: riteaidmerger.com
I think there will be some legal issues with this deal and RAD is not out of the wood actually.
Have i said volatility? Well this is not game over for RAD but expect very very high volatility.
Shame on management for the way this merger has been handled.
Rite Aid has not done anything positive recently and details are still sketchy.
At this time my opinion is that i will vote against the merger as i feel the management is trying to reduce Rite Aid value to rumble at the same time that it smells like conflict of interest and a fire sale.
Am i alone to think this way?
Not at all, the number of shares shorted has increased dramatically and the short interest is at record high. Clearly, not many investors thinks this merger is a positive for Rite Aid.
Then this morning a site has just emerged: riteaidmerger.com
I think there will be some legal issues with this deal and RAD is not out of the wood actually.
Have i said volatility? Well this is not game over for RAD but expect very very high volatility.
Shame on management for the way this merger has been handled.
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