Rite Aid (RAD) volatility elevated into terminating merger with Walgreens Boots Alliance (WBA), selling stores
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Rite Aid (RAD) Back-of-the-Envelope Value Seen at $3/Share
June 29, 2017 8:32 AM EDTInitial back-of-the-envelope valuation on Rite Aid (NYSE: RAD) after today's Walgreen's deal pegs it at $3/share based on $600M EBITDA at a 8x multiple, according to sources.
Shares are currently trading down 22.7% to $3.04.
... MoreRite Aid (RAD) Misses Q1 EPS by 4c
June 29, 2017 7:16 AM EDTRite Aid (NYSE: RAD) reported Q1 EPS of ($0.05), $0.04 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $8.17 billion.
Retail Pharmacy Segment revenues were $6.4 billion and decreased 4.9 percent compared to the prior year... More
