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Rite Aid: Companies
built 655 days ago
In a statement Rite Aid said, "Las Vegas was a non-core market for the company that has not been contributing to overall results. The company hasn't opened a new store in the Las Vegas area since 1999."
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When Rite Aid acquired nearly 1,900 Brooks and Eckerd drugstores last June, it became the largest chain on the East Coast. At the time of the acquisition, the company made clear that its newly obtained size would put it in a better position to compete with the likes of Walgreens and CVS on the national drugstore stage.
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In the suit, investors alleged that between May 1997 and March 1999, Rite Aid portrayed itself as a company with "very strong" profitability and said it was in the midst of a major program to expand and modernize its operations. In fact, the suit alleged, the modernization and expansion programs were "encountering significant problems."
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Rite Aid offers career opportunities in a variety of areas including pharmacy, store associates, store management, corporate office, distribution center and regional office. At the corporate office, you'll find clerical, administrative, professional and managerial positions in accounting, advertising, purchasing, human resources and many others. The company ... offers pharmacy internships where students can gain real-world experience while still in school.
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Through this alliance, printed materials will be available at Rite Aid stores nationwide to help inform seniors about WellPoint's Medicare Part D plans. During the Annual Election Period... known as open enrollment, agents from WellPoint affiliated companies will be on location at specific stores on certain days to answer questions and explain benefit options. The open enrollment period for Medicare beneficiaries begins today and ends Dec. 31, 2007. During this period Medicare eligible individuals can opt to enroll in a Medicare Advantage plan with drug coverage or a standalone Part D plan. In addition, Medicare eligible individuals can elect to change from one Medicare Advantage plan to another plan during this period.
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Rite Aid's (RAD) interest expense on its debt is about 30-40 cents a share TTM. If you do all of the math, it looks like 2% of sales or more in a low-margin business. How could the company overcome this? Does it not seem unlikely right from the get-go even before this quarter?
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