Has Rite Aid Stock Finally Bottomed Out?

There's an old adage among investors: Don't try to catch a falling knife.

Rite Aid (NYSE: RAD) stock has been a textbook example of a falling knife. Shares of the embattled pharmacy chain have plunged more than 70% so far in 2017. The decision by Walgreens Boots Alliance (NASDAQ: WBA) to throw in the towel on its plans to acquire Rite Aid has left once-optimistic shareholders reeling.

But while attempting to catch a falling knife isn't a smart idea, picking one up off the ground could be. Some investors have determined that Rite Aid stock is now a bargain buy. The big question remains, though: Has Rite Aid stock finally bottomed out?

Source: Fool.com