Mike Young
Value, long-term horizon

Rite Aid's Stock Surged In 2013, But Can It Still Go Higher?

With Rite Aid's (NYSE:RAD) stock up over 250% in 2013, net income for FY 2013 turning positive after five years of losses, and five consecutive quarters of profits (including its most recent Q3 results), Rite Aid appears to be an attractive turnaround investment.

However, given the tremendous run up that the stock has experienced in 2013, the question investors face is whether or not there is still an opportunity to make money in the stock, or has it already gone too far?

2013 Stock Performance

Rite Aid Corporation had a banner year in 2013, with the stock returning almost 3x from its initial price in Jan 2013! Investors were also rewarded on a relative basis, compared to the...

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