Rite Aid is not a profitable company, so it does not have a P/E ratio, but it trades at $1 to $3 per share as an "option on survival."
Amazon shares have rallied nearly 60% this year, but the stock appears increasingly overbought on a technical level.
Cowen makes the case as to why Amazon should acquire Rite Aid as it eyes the pharmaceutical market.
Pharmacy shares tumbled after a report indicated that Amazon might now be able to start selling prescription drugs online.
Analysts foresee major PBMs either partnering, being bought out, or falling at the will of AMZN.
While it will keep its most profitable stores, RAD will still face pressure from CVS, Walgreens.
One of the few strong retail performers, even Best Buy is starting to sell off, while beleaguered Rite Aid starts another wave down.
As Walgreens ditches its Rite Aid buyout, the ecommerce giant could swoop in or build its own PBM.
Learn about the top five major direct shareholders of Rite Aid Corporation, and learn about these shareholders' positions in Rite Aid and their backgrounds.
The billionaire investor's Greenlight Capital cut down on its stake in Apple while adding to its position in General Motors, according to SEC filings.