Thread regarding Rite Aid Corp. layoffs

A new prosperous era for RAD,hopefully...

The reverse stock split officially took effect yesterday,and so far there has been no net drop in the adjusted stock price two days in.It finally seems as if the shorties have finally been fleeced.As outdated as my store's interior is(rite Choice interior on top of a leaky roof),we still have 2 things going for us:on top of the decent windfall in business(both FE and RX)we've received from the closure of my old store,we have a Blue Rhino propane tank locker bolted onto the sidewalk which pretty much saves us from closure lists for the foreseeable future.Not to mention that even after 8 local Sactown closures(including my old store)during the last 14 months we just opened our first new local store(in rural Rio Linda which lacked even a single pharmacy for the longest time)in close to a decade.Now as long as the adjusted share price doesn't dip below $5 anytime before the Super Bowl sees its first ever matchup between TWO 18-0 teams,RAD will still have a fighting chance.Now if only they cut back on the store closures(at least in states/regions NOT sold off to Walgreens)and ramp up on the Wellness conversions(there could be a lot more than the mere 70 planned for the entire fiscal year),Wall Street will be a lot nicer to us;and I still think Wal-Fart is far more likely to beat us to Chapter 11 as bad locations and shrink are truly bringing them down to the point that there is no longer any net store growth on their part.I still have faith in my new store's chances of getting a Wellness conversion even after some customers misguidedly ask "is this store closing?" either on truck delivery day or seasonal conversion processes(both these instances occurred within the past month in the wake of the previous closure round which affected an old colleague of mine).Not to mention that the chances of the company's California store count dropping below 500 is still lower than the chances of a WMT bankruptcy.

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