Open Letter to Rite Aid Corporation Shareholders: Green Shoots but Not Enough BOD Change (NYSE:RAD)
On Thursday, 27 Sep, Rite Aid released their latest earnings report and finally filed the proxy for the 30 Oct annual meeting. The good news is that there are green shoots of growth in both the Pharmacy and Pharmacy Benefit Management (PBM) operations. The bad news is the money and time wasted on the Albertsons Merger ($19 million in the past quarter, $34 million in total), the minimum magnificent changes proposed for the Board of Directors (BOD), the proposed appointment...
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