InvestorPlace contributor Ian Bezek sees this is a very good thing for Rite Aid and Rite Aid stock as it severely reduces the company’s debt while allowing it to keep most of its more profitable locations. At the same time, however, there are still naysayers in the investment community that wonder about Rite Aid’s chances of survival even after lowering its debt burden. “There still is plenty of talk going around on social media about Rite Aid going bankrupt, but this simply doesn’t make sense,” Bezek wrote August 11.
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August 29, 2017