Rite Aid Stock Analysis :: essays research papers

I chose to analyze the third largest retail drugstore chain in the United States, Rite help oneself raftoration. I chose to analyze Rite upkeep Corp. because our family owns approximately 1200 shares and we have taken quite a loss on our investment. We are in the process of deciding whether or not we should treat our stock. Additionally, my Mother has been a pharmacist at Rite Aid Corp for 11 years and she often pays close attention to the financial stability of the company. We both feel that when you are employed by a corporation, that the corporation should be financially stable. A financially secure employer is one who more often than not offers better compensation and advancement to its employees.Rite Aid Corp. has its corporate headquarter located at 30 Hunter Lane, Camp Hill, Pennsylvania 17001, and their telephone set number is (717) 761-2633. Rite Aids common stock is listed on the New York Stock Exchange and the Pacific Stock Exchange to a lower place the trading symbol RAD The board of directors consists of 11 members. Robert G. Miller is the mind Executive Officer (CEO) and Chairman of the Board. The board is mainly male in gender with only 2 female directors. One of these females is Mary F. Sammons, chair of the Rite Aid Corp. She is not only the President of the company, but besides fulfils the role as Chief Operating Officer. The majority of the members are everywhere the age of 55 years, with the youngest member being 43 years white-haired and the oldest being 72 years old. Rite Aid Corp. sells prescription drugs and a wide assortment of general merchandise that they call front-end products, including over-the-counter medications, wellness and beauty aids and personal care items, cosmetics, greeting cards, household items, comfort station foods, photo processing services, and seasonal merchandise. They are distinguished from other national chain drugstores, in part, through their private label brands, their stores-within-Rite A id stores course of instruction with GNC and by their Internet presence. The deal of prescription drugs alone represents 59.5% of their total sales. nonprescription(prenominal) drugs and personal care items (10.9%), health and beauty aids (5.8%), and general merchandise (23.8%) account for the remaining 40.5% of their total 2001 fiscal year sales. Rite Aid Corp. operates in the highly competitive retail drugstore industry. In the sale of prescription drugs, they compete with, among others, retail drugstore chains, independently owned drugstores, cud merchandisers, supermarkets, discount stores, and mail order pharmacies.