RAD - Is This Major Pharmacy Retailer in Danger of Going Out of Business?
Analyst predictions can weigh heavily on a stock's performance. But when someone goes so far as to suggest that a business may be in danger of going under, all investors should be careful to take a second look. This month, George Hill of Deutsche Bank (NYSE: DB) downgraded pharmacy retailer Rite Aid (NYSE: RAD) , suggesting that the company could go out of business.
But what do Rite Aid's financials have to say? Last week's release of fourth quarter numbers (for the period ending Feb. 26) issued troubling guidance, which further spooked investors.
Let's take a look at the company's recent earnings report to see exactly what shape the business is in. Is Rite Aid in real trouble? Or could it could make for an attractive contrarian investment?
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Is This Major Pharmacy Retailer in Danger of Going Out of Business?