What is going on at Walgreens, Rite Aid and Fred’s?
All this indicates that the FTC has a very good point about Fred’s; it does not have the resources to operate all those Rite Aid locations. Fred’s reported revenues of $2.15 billion, a free cash flow of $28.25 million, assets of $740.88 million and cash and short-term investments of $5.692 million on October 31, 2016.
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