Why Rite Aid Corporation Could Be a Gold Mine for Value Investors

Why Rite Aid Corporation Could Be a Gold Mine for Value Investors

Nothing has been going right for Rite Aid (NYSE: RAD) this year.

In January, Walgreens Boots Alliance (NASDAQ: WBA) changed the terms of its bid to buy the smaller pharmacy chain in a way that wasn't beneficial to Rite Aid. Ultimately, though, Walgreens ended up abandoning its acquisition attempt altogether. Along the way, Rite Aid continued to post dismal quarterly results. And the company's CEO left just a few days ago. It's no wonder the stock is down a whopping 70% so far in 2017.

Is Rite Aid a lost cause? Maybe not. Here's why the stock just might be a gold mine for value investors. 

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Source: Fool.com