There appears to be no neutral ground with Rite Aid (RAD) and its future prospects, with most investors being bearish on the stock. A growing number believe the only way going forward is for the company to declare bankruptcy.

On the other hand, as the smoke clears after the failed attempt by Walgreens Boots Alliance (WBA) to acquire it, the share price has been pummeled, falling far below the price it traded at before the offer from Walgreens was made.

With the renewed offer, it puts Rite Aid in the unenviable position of uncertainty as to whether or not this deal will be approved. That's not a positive to me in regard to day-to-day running of the business, as it seems management has lost focus in that area and is looking solely at selling the company.

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