Anyone know what's going on at Rite Aid, (RAD), the troubled drugstore chain?

This little over a dollar stock was up 10 cents in early trading this AM, more than average move, either up or down.

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DCR answered a question in Healthcare & Biotech.
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DCR answered 4 months ago …

I offer no specific answer, other than to agree its "troubled."

My pharmacist says their computer system is "ancient" compared with that of other pharmacies; plus they have to compete with grocery chains (think Kroger) and discount stores (think Walmart) for drug business, while their general merchandise is more expensive than that at other retailers. I haven't looked at their financial statements, but speculate they have a lot of debt service to cover.

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