Where Will Rite Aid Corporation Be in 5 Years?
Buying and holding Rite Aid Corporation (NYSE: RAD) stock has turned out to be an excruciatingly painful experience. For every $5 you might have invested in the stock at the beginning of 2017, you'd now only have around $1. Ouch.
The biggest factor behind Rite Aid stock's collapse, of course, was the doomed acquisition attempt by Walgreens Boots Alliance (NASDAQ: WBA). After more than a year of drama with the Federal Trade Commission, Walgreens threw in the towel on trying to buy Rite Aid outright. Instead, the giant pharmacy retailer opted to only buy part of Rite Aid -- 1,932 stores plus three distribution centers.
Rite Aid will emerge from the sale of those stores much smaller, but with lower debt thanks to the nearly $4.4 billion Walgreens is paying. Will buying and holding Rite Aid stock be more enjoyable in the future? It depends. Here are several scenarios for where Rite Aid will be five years from now.
Source: Fool.com
