Thread regarding Rite Aid Corp. layoffs

Just because rite aid is on the bottom doesn't mean it will go up

Just because rite aid is on the bottom doesnt mean it will go up. Its a penny stock buddy. Someone drinking the Kool Aid. I for sure see this company folding before end of the year. Literally 50 cents a share and they think it will go up, its going down way down. I mean come on look at the stores, destroyed, empty from shoplifters, old employees stuck in their ways, outdated products all over the store, horrible customer service, writing is on the wall. If you think its doing so well you should be buying a ton of stock since its only half a dollar. Fyi i worked for rite aid for 8 years, i saw the writing and jumped as soon as i had the opportunity.

This was taken from another thread, where I found it as a reply by @Y6unUiF-1okq .

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| 1541 views | | 2 replies (last March 24, 2019) | Reply
Post ID: @OP+Y7TXWzC

2 replies (most recent on top)

I work for Rite Aid now and I've worked there for 30 + years. I've been there thru it all, This Corporation has been hit hard so many times and has built itself back up again and again. The people that work at RA had heart and drive, but this time is different, this time they decided to let those people go. Almost all the layoffs are people that have been there for years and now that few of them are left I don't see good times for this corporation. They got rid of there most prized assets, THE PEOPLE.

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Post ID: @7zvl+Y7TXWzC

Right now Sears stock is worth MORE than rite aid stock, and sears is in a lot worse shape. That says alot right there. 2 failed merger attempts and sold half their stores to walgreens. Now firing the CEO and 2 other high level execs and laying off 400 people from corporate? This is just a last ditch attempt to save a sinking ship! Rite Aid needs someone to buy out the rest of the company or else they'll be gone.

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Post ID: @mns+Y7TXWzC

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