ALERT RAD

The deal with Albertson has been called off…..

This is a great victory for us the smaller investors.

The last move made by RAD board in regard of estimated profit has been what i could call their last effort to get a deal approved.

Obviously they did not had the needed votes and this is a great thing.

Now the next step is to get rid of the actual RAD board and replace them with people oriented toward a profitable company NOT their own pockets.

Congratulations to all who have expressed loud and clear their voices.

IS RAD out of the wood now ???? Not at all but at least we will not have to take ownership of others debt.

Now back to my hibernation mode (sell in may then go away……)

I will be back sooooooon

Rite Aid.....Time to vote

Taking some time off from vacations (sell in may then go away) to vote on Rite Aid merger that is in my opinion one of the worst deal ever created.

There is no way that i will accept giving away shares of Rite Aid at the actual value mentioned and proposed.

The idea may not be that bad but the conditions are not acceptable.

I do not recall that many times seeing a board member getting a bonus when winning and another one if loosing.

Deal structure has to changed and if Albertson's not happy with that, well let simply get rid of the actual board members and get Rite Aid go stand alone and fixing its stuff.

Last Quarterly results show improvements and with a 'great' board direction, Rite Aid could be worth many times more than the actual proposition indicates.

I have vote no ! 

ALERT RAD TRADER

With an incredible 16.94% short interest, RAD is now almost the most shorted stock.

Simply incredible and still one question unanswered? Who is benefitting from this ?

Is this Cerberus?

No matter who is behind that, there is a real danger here of having some kind of a squeeze and at this level, it could get ugly.

Even the worst one (CHK) has a 5.02 ratio so at this level RAD shorter are one a dangerous course.

Wow

ALERT RAD

Based upon trading today, RAD ended up the over major moving average.

IF this was not the usual trap (we should see early on tomorrow) it could indicate a couple of things:

1) Next stop should be around 2,04$ enroute toward the 2,48$ planned value at the merger announcement

2) If volume picks up, then it could also mean that they are revisiting the deal value to increase the % Rite Aid shareholders would get in case the merger is approved.

Lets bring in tomorrow and check that out.

Have fun 

RAD buying pressure

Very interesting to see some nice buying pressure even if volume is not there actually. So i would stay prudent about this reaction the day after analyst conference.

If it closes over 1,70 expect a run toward 1,94 if this is not another trap setup.

Let see if actual short interest stays at 15,15 (one of the highest in the market)

MEG (Meg Energy TSE)

Have you seen their last earning report^

Well, this is another great pick recommended some time ago.

It is actually at the high end of the chart, so expect some retracement BUT with actual oil price, the next quarter should be at least as good as this one.

Always a good time to get some profit off the table for the next interesting play to come. 

Rite Aid analysts call today

Very interesting to see that much interest in the merger without any influence on the market share price.

The rational for the merger is ok to me BUT the problem is the % owned by actual stockholders as an end result.

Other interesting factor to consider: short interest.

How in the world short interest does not stop going higher? As of this morning it is standing at 14,95% short interest. At this rate, there will not be any share available soon to short!!!

But who is benefiting from that short interest and who could possibly do it?

Rules actually are about 2$ in value to short 1 share. So who is able to use over 200M$ simply to short a 1,64$ dollar company?

Who is benefiting from this?

I really hope that Cerberus is not behind that short attack that has ruled for more than a year now hoping to gain traction in the price rational.

If not them? Who is behind?

Hard to believe that a 2,50$ stock (based upon value post merger and rounded) + 18 cents per share cash, is still trading at 1,64$.

This is purely non sense and so far i still recommend to vote NO to this merger.

Also interesting to visit is the following site:

https://sites.google.com/view/voteno2merger

Rite Aid stockholder are angry

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. 

RAD massive turn around

What a day for RAD.

Finally it was one of the longest trap seen in months.

Simply incredible to see 15 cents disappear in about 3 hours.

Numbers of shorts will definitely have increased by a lot!.

Could be that the announcement from Amazon that they are ditching pharmacy business did it as the timing is perfectly the same.

But at the beginning, AMZN has never been a possible partner for RAD. So hard to understand....

Have fun

ALERT RAD TRADER

Rad has just crossed the 20 and 50 days moving average.

If it holds and closes above 1,77 that would mean that the next stop is 2,02$

Get ready!!!

ALERT RAD VOLUME

Very interesting.

In the last 5 minutes large blocks of shares were bought at the ask. Well above 3M shares.

Unusual in the last 60 days.

Stay tune 

ALERT RAD trading pattern

Trading pattern indicate a highly possible change in direction as there is a lot of buying pressure.

This time it does not looks like a trap.

Stay tune as i expect something will be coming shortly

RAD short interest

Very very interesting to see that RAD short interest has more than double since 10 days.

That means that all those new short positions have been taken at these levels or close to in hope the share price could drop at 1,50$ or lower.

BUT unless something very bad happen, this strike price may not be obtained and to complicate the things for shorters, the way large stake holders are starting to manifest against the merger deal could mean that it may well be renegotiated at a better value.

IF that was to happen, a lot of shorters could be squeezed out and increased share value rapidly.

So this is not the time to sell in my opinion and by keeping these shares to vote against the merger ( i will be voting no) could change the value of RAD dramatically.

Time will tell but looking good 

EPO enough is enough

It is actually very bad that EPO is not giving any news and to top it out, they do not even answer to emails anymore.

There has been no shares issued recently telling me that the drawdown never happen and don't tell me it was non-diluting.............impossible

At this time anyways, why would someone lend money at 5 cents a share when the actual value is 3,5 on the market.

Sounds very bad for us the 'bag holders' and unless something happen very shortly, EPO will not survived and lawyers will take care of the management for possible wrongdoing and not telling the exact truth in plain english.

This is now the time to get things straighten out.

EPO management: i am calling you. As we are the owners of this company, we cannot accept the actual situation and what has to be done will be done to get a clearer view of the real situation. Take note!!!

RAD's expectations for Q4

Well, Thursday is the day we will find if any improvements were made in regards of results in Q4 for RAD.

Honestly i do not believe so as their negative trend has been there  for so long that a turn around would be very surprising.

I am of the opinion that bad results are already baked into the actual share price and all analysts and large corps are expecting another profit loss during Q4 (excluding special item like money received for the stores transfer)

Then, RAD will now be able to concentrate on the coming merger and i suspect the 'selling' period will start to ensure a positive vote on the proposed merger.

So unless a major surprise happen, i do not expect major stock price movements due to the results.

Have fun

RAD Update

I did received today an answer from Byron Purcell (Senior Director, Treasury Services and Investor Relations) in regards to question i had in relation with the merger.

Naturally nothing that was not already released was mentioned but the statement in regard of the coming proxy made me wonder as it was mentioned that it would answer my questions.

Personally i still think this merger (as we know it so far) is not in the best interest of RAD stockholders based upon released information so far.

The coming weeks may be really interesting as i am still thinking we do not know all the details and definitely not the real IPO share price or other details.

I am still scratching my head in regard of the credit margin approved for 5B$ even if do not want to try understanding too much on that topic as it could be for many reasons but still.....  

Any change in IPO pricing could changed dramatically the actual value of RAD shares but what we know so far is that the new Albertson share price would be in the 24$ range and that we could get an 18 cents per share in cash.

Would that change? MAYBE

Still a lot to learn from the coming transaction but i must admit that AT LEAST i got an answer from RAD management even if i mentioned they were muted......obviously they were not.

Stay tuned!

ALERT RAD

The delay for the FTC to request more information from the Rite Aid Albertson merger has expired.

No more blocks for the merger to happen unless shareholders vote against it. (i doubt that one)

Expect some resistance at this level and maybe some upward movement toward the 200 days moving average sitting at 2,12ish

Have fun and happy Easter weekend

RAD.......stores transfer completed

Rite Aid has confirmed that the stores involved in the sale to WBA has now been completed. Only the warehouses will be transferred early September 2018.

Will that change share price....i doubt it.

It is now time for RAD to start delivering their message about the merger. At the speed of price declining, this a needed step to stop the bleeding.

Was Rite Aide merger at a bargain price ? YES

Could there be lawsuits originating from the fact that management has not made everything to get the best value for shareholder ?  YES

Could they sweeten the deal ? YES but i doubt that

Conclusion: Since the original deal with WBA in 2015, Rite Aid management has done a poor job (to say the least) in obtaining the best for its shareholders and based upon actual share price value, it will take a miracle to see it back toward the 2$ mark even if actual shareholders should get 18 cents per share when the merger is complete.

So far again no news from the FTC to obtain needed autorisations, simple slides on their site to try to convince investors that this merger is in the best interest of all, and to top it out, do not try to get answers from IR department as they seem to have been muted.

Here we can see management at is worst.

Let see how it unfolds.......

EPO EPO EPO (VC Canada)

Maybe we should start chanting that as so far this year, management of this company have been humiliating themselves by the lack of news or i should say the lack of anything........

What a strange story here......

MEGA deal with India, 100M$ in financing etc etc etc and nothing seems to move.

Are we facing here a trader trap for a company without any value or is there really something brewing that will finally one day give some value back to the shareholder.

The company management is totally silent and normally this is not good news but maybe time will tell.

Normally march / april period gives good results so we will see shortly.

Have fun !

RAD another very bad day

It is very surprising to see RAD goes down almost every day since a couple of weeks without getting stopped anywhere.

BUT today may have marked the day where a bottom will finally be set.

RAD touched 1,50$ twice and rebounded a bit without going under the 1,50$ psychological level and volume was correct without being high. I suspect that this was a try to shake some hands having put stops at 1,50 but without success.

Tomorrow will be a critical day for RAD traders. If it was again to go down and break the 1,49$ barrier, well expect 1,29 to 1,39 level to be tested.

The value today means that RAD total entreprises are valued LESS than the price paid for the PBM. This is a non sense to me and there must be either something that i do not get or something that is brewing behind the scenes.

We the shareholders are awaiting news about FTC approval and since the last deal problems, i agree that it could play with the nerves of investors.

But 1,50$ish for RAD................Are you kidding me?????????

I picked up many many more today at 1,51$ and even if i am wrong sometimes, i think this is the end of the downward spiral.

Let see tomorrow how it plays out!

Have fun