BREAKING: Rite Aid, $RAD, has officially filed for bankruptcy just days after its 61st anniversary.
— The Kobeissi Letter (@KobeissiLetter) October 16, 2023
As part of the bankruptcy restructuring, Rite Aid will close many of its 2,100 stores.
The company has had more than $2 billion in losses over the last 5 years and 50% of their… pic.twitter.com/K1Fojau9Ll
Hmmm
https://www.dailymail.com/yourmoney/article-15792341/warren-buffett-berkshire-hathaway-cash-pile-starting-worry-wall-str...