Rite Aid expected to make biggest recovery in 2011
NEW YORK — Rite Aid stock is expected to make the biggest stock-price recovery in 2011, according to a poll of TheStreet readers.
According to the poll, published Thursday morning on TheStreet.com, 28.2% of voters believe the drug store will experience the largest rally of the most depressed stocks of 2010. This in spite of the fact that Rite Aid earlier this week restated year-end projections following an underperforming quarter.
In its third quarter, Rite Aid reported a loss of $79.1 million, or 9 cents a share, compared with a loss of $83.9 million, or 10 cents, in the same period last year.