August 8th of 2018 will go down in the history of Rite Aid (NYSE:RAD) as one filled with mirth for the majority of the drugstore chain’s investors, but down the road those same investors might come to regret the events that transpired on that day. According to a press release issued on the firm’s website, it had decided (jointly with Albertsons) to cancel its merger with Cerberus-owned Albertsons, a massive grocery chain that itself is heavily in debt but whose business would have helped to insulate Rite Aid from a quickly changing competitive landscape. Though every investor is entitled to their own opinion, I see this move as not wholly unpredictable but definitely regrettable.

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