Rite-Aid (RAD) stock continues to be one of the more interesting stories in the market, as investors look for value and a potential turnaround in the beaten down company. We have seen some encouraging stories for the company in terms of its ability to cut down and streamline its asset exposure. But, with the stock trading near its all-time lows, there is very little evidence that the market has paid much attention to these positively developments. For these reasons, we believe there is still value to be had in the company as it has become a victim of negative sentiment and unfavorable press more than anything else. It should be understood that stock performances of this nature carry an extra risk profile that might not be enticing for all investors. But if you are able to patiently structure your positions in a way that limits exposure, the upside could be substantial in the event of a positively turnaround in the company. We believe that a bottom is now in place for RAD and conservative positions in the bullish direction can be established at current levels.

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