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Forbes
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Unlike CVS, Walgreens Only Interested In Rite Aid Patient Files

1. Rite Aid's assets sold to CVS, Walgreens, and grocery chains post-bankruptcy. 2. Walgreens only acquiring prescription files, no brick-and-mortar stores. 3. CVS plans to buy 64 Rite Aid stores in the Pacific Northwest. 4. Rite Aid's bankruptcy follows a previous Chapter 11 filing within two years. 5. CVS and Walgreens seek to avoid debt through these acquisitions.

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FAQ

Why Very Bearish?

Rite Aid's ongoing bankruptcy and asset sales indicate severe operational distress. Historical examples show that such conditions typically lead to decreased stock values.

How important is it?

The bankruptcy and asset sale directly affect Rite Aid's operational viability, making it a significant market concern.

Why Short Term?

Immediate market reactions to bankruptcy and asset sales will reflect in RAD stock. Historically, similar news causes rapid bearish movements.

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