By Eric Novinson - June 17, 2013 | Tickers: CVS, RAD, WAG | 0 Comments Eric is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited. Bulls who backed the struggling pharmacy Rite Aid (NYSE: RAD) last year have been rewarded. This pharmacy's turnaround efforts proved the naysayers wrong. Rite Aid is priced like a profitable company now, although by one metric it's still a major bargain. Now investors wonder whether this pharmacy stock's rally can continue. Drug industry trends and other pharmacies' recent moves could help answer this question. Macro Trends CVS, (NYSE: CVS) Walgreen, (NYSE: WAG) and Rite Aid can all benefit from health care macro trends. An older population could result in more prescription drug sales. Retail health clinics could serve even more patients, and Accenturejust released a reportabout this topic. The Affordable Care Act could mean more patients visiting physicians, which could also result in more prescription drug sales. There's also one macro factor that could hurt the pharmacies. Patents on many high profile, expensive drugs have expired in the last few years, and investors often call this situation the patent cliff. The … Continue reading
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