Rite Aid expected to make biggest recovery in 2011

Online voters believe chain will experience largest stock rally

NEW YORK — Rite Aid stock is expected to make the biggest stock-price recovery in 2011, according to a poll of TheStreet readers.

According to the poll, published Thursday morning on TheStreet.com, 28.2% of voters believe the drug store will experience the largest rally of the most depressed stocks of 2010. This in spite of the fact that Rite Aid earlier this week restated year-end projections following an underperforming quarter.

In its third quarter, Rite Aid reported a loss of $79.1 million, or 9 cents a share, compared with a loss of $83.9 million, or 10 cents, in the same period last year.

Comments

- 1:35 PM
jim@wilsonrx.com says

We're rooting for RAD to make their recovery, just how do they plan to retire the crushing $6bil debt? That seems to be the biggest challenge they face. Any comments????

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