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If the pharmacy chain Rite Aid (NYSE: RAD) could fill a prescription for higher profits, investors might not be bailing out of the stock in droves. Since April of 2018, the company's share price has cratered by more than 90%, falling by nearly 50% so far this year.
Worse yet, there's not much reason to believe that things are going to look up anytime soon, if they ever do. Let's examine three red flags that indicate why Rite Aid isn't a good stock to buy right now.