Essay About Rite Aid Corporation And Rite Aid Corp.

Rite Aid Stock Analysis
Rite Aid Stock Analysis
I chose to analyze the third largest retail drugstore chain in the United States, Rite Aid Corporation. I chose to analyze Rite Aid 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 sell 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 generally offers better compensation 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 Aid’s common stock is listed on the New York Stock Exchange and the Pacific Stock Exchange under the trading symbol “RAD” The board of directors consists of 11 members. Robert G. Miller is the Chief 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, 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 assortment of general merchandise that they call ‘front-end products,’ including over-the-counter medications, health and beauty aids and personal care items, cosmetics, greeting cards, household items, convenience 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 Aid stores’ program with GNC and by their Internet presence. The sale of prescription drugs alone represents 59.5%