Rite Aid Stock Analysis :: essays research papers

I chose to take the third largest retail drugstore chain in the United States, religious rite forethought Corporation. I chose to analyze ceremony Aid Corp. because our family owns approximately 1200 shares and we meet taken quite a loss on our investment. We are in the process of deciding whether or not we should sell our stock. Additionally, my Mother has been a pharmacist at Rite Aid Corp for 11 eld and she often pays close attention to the financial stability of the company. We both nip that when you are employed by a corporation, that the corporation should be financially stable. A financially secure employer is one who generally offers better stipend and advancement to its employees.Rite Aid Corp. has its corporate headquarters located at 30 Hunter Lane, Camp Hill, Pennsylvania 17001, and their telephone number is (717) 761-2633. Rite Aids common stock is listed on the New York banal Exchange and the Pacific Stock Exchange under the trading attribute RAD The board of directors consists of 11 members. Robert G. Miller is the Chief Executive officeholder (CEO) and Chairman of the Board. The board is mainly male in gender with solely 2 female directors. One of these females is Mary F. Sammons, president of the Rite Aid Corp. She is not only the President of the company, but also fulfils the role as Chief Operating Officer. The majority of the members are over the age of 55 years, with the youngest member being 43 years old and the oldest being 72 years old. Rite Aid Corp. sells prescription drugs and a wide kind of general merchandise that they call front-end products, including over-the-counter medications, health and beauty help and personal consider items, cosmetics, greeting cards, household items, convenience foods, photo process services, and seasonal merchandise. They are distinguished from other national chain drugstores, in part, through their private label brands, their stores-within-Rite Aid stores program with GNC and by their mesh work presence. The sale of prescription drugs alone represents 59.5% of their total sales. Over-the-counter drugs and personal care items (10.9%), health and beauty aids (5.8%), and general merchandise (23.8%) account for the stay 40.5% of their total 2001 fiscal year sales. Rite Aid Corp. operates in the passing competitive retail drugstore industry. In the sale of prescription drugs, they manage with, among others, retail drugstore chains, independently owned drugstores, mass merchandisers, supermarkets, discount stores, and arms order pharmacies.