Summary
Management needs to focus on running Rite Aid as a standalone company.
Rite Aid store sales per square foot is the key metric that needs improvement.
Making the business better will automatically bring potential mergers.
Rite Aid is in desperate need of management that cares about running the company. There is a slight chance this could include current management, but shareholders are all too aware of the emphasis on selling or merging Rite Aid instead of operating it as a going concern. This focus on mergers is harming present day operations and the 2018 10K lists 10 out of 35 forward looking risks related to past or present merger details. This can be viewed on pages 3-5 under Cautionary Statement Regarding Forward-Looking Statements. A renewed focus on the present business operations as a standalone company could result in a significant turnaround.
