Thursday, July 6, 2017

FRED down 13.23% today. Time to buy?

Now that the RiteAid/Walgreens speculation and covering has happened FRED suddenly looks very reasonably priced. It's been underperforming in retail sales but I estimate "discount drug stores" are not going out of fashion soon and now that they've trimmed off "loser" stores is FRED a bargain? It appears the price is lower than it's been since around 2000 and it does pay dividends... Is there something I'm not seeing?



Submitted July 06, 2017 at 11:39PM by Scientoolojest http://ift.tt/2sw9INA

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