Polling Shows Kobach with Edge Over Rivals

Topeka, KS – In a press release submitted to our publications, a recent poll that was conducted among Republican voters in Kansas shows ultra-conservative candidate Kris Kobach with the lead for Governor of Kansas.  The polling was conducted on behalf of the Kobach campaign by JMC Analytics of 500 registered Republicans between July 25-27 and has a margin of error of 4.4 percent.

In that poll, Kobach garnered 34% of respondents, While Governor Jeff Colyer received 25% and Jim Barnett 11%. Insurance Commissioner Ken Selzer came in with a fourth-place finish according to the poll.  The other three candidates in the race each came in with one percent or below.  TeanagerTyler Ruzich and Lenaxa pastor Patrick Kucera each tied with a solid one percent of the vote, while another teenager Joesph Tutera came in with a result of less than one percent.  Twenty percent of the respondents were undecided.

If the Republican primary for Governor were held today, which candidate would you support?
Kobach 34%
Colyer 25%
Barnett 11%
Selzer 8%
Ruzich 1%
Kucera 1%
Tutera <1%
Undecided 20%

According to the age demographics, Kobach leads in every age demographic except one. That group being the 18 to 34-year-olds, in which Barnett has a strong lead with 25%. In comparison, Kobach and Colyer each have 19% of the polling in that age group.   In the 35 to 54  age demographic Kobach received 42% of the polling, while he received 38% in the 55 to 64 age group, and 31% in the age group of 65 and over.

That said, only three percent of the respondents were in the 18 to 34 age group, while fifty percent of all respondents were in the older demographic.

For demographic purposes, what is your age?

18 to 34 3%
35 to 54 15%
55 to 64 32%
65 years old or over 50%

In the press release from the Kobach campaign, Danedri Herbert, Kansans for Kobach communications director said,

“The poll also shows that Jim Barnett is the obvious choice of moderate Republicans, especially those who favor Medicaid expansion.”

Herbert also stated,

“Our lead in the poll reveals why the Colyer campaign has launched so many desperate, negative attacks against Kris Kobach, and it explains why the liberal, George Soros-funded ACLU, and dark money groups are spending resources in Kansas for Colyer. They know Colyer will cave on issues that are important to conservatives, and they know Kris Kobach is a consistent conservative who won’t back down.”



World’s First Digital College Counselor Revolutionizes College Prep

NEW YORK, NY — (press release) – MyKlovr, the first of its kind Artificial Intelligence (AI) enabled college counselor, has been equipped with new features and functionality for students and parents to tackle the college admissions journey at an affordable price. With new president Kenneth Volet to lead the team and new cutting-edge features such as the parent-portal and a new version of the college-finder, myKlovr

•           is ready to provide America with the enhanced solution to attaining a post- secondary education, released on July 15, 2018.

Sign up for myKlovr today!


The ever-increasing demand for college education and the rapid evolution of technology have made the process of getting children into college more complex and more competitive. MyKlovr 2.0 delivers direct action plans for students and parents on the college admissions playing field. The entire user interface and software have been improved and new features were carefully implemented to assist with the overall goal of guiding college-bound students to successful college acceptance. The product far exceeds anything currently on the market, offering students who lack the proper resources an opportunity to find their route to college.

I am convinced myKlovr represents the future of college counseling. It already does a better job offering individualized college admissions advice than most US public school college counselors, who are overburdened with an average of 350 students per counselor. The nature of AI technology will only get better over time as it makes use of more and more data. This is an exciting and important project of inestimable proportions,” says Dr. Michael Youmans, Harvard educated, independent college counselor with over 20 years of experience.

Youmans is spot- on with his claims. MyKlovr 2.0 has software and AI processing like nothing seen


before and will continue to advance as it is further developed and collects more information.

Key features of myKlovr that have been extensively developed for optimal success are as follows:

•           The college finder. The new version of the college finder application equips students with highly relevant information about schools they intend to apply to and pairs them with colleges and universities that match their interests, needs, and aspirations.

•           The parent account. Data shows that students are more likely to achieve their educational goals when a parent’s support is present, so the company has created an account for parents that is linked to a student and balances the student’s desire for independence with a parent’s need for oversight, helping them work together to achieve their joint college-admission goals.

•           The dashboard. This addition to the myKlovr platform helps users to make the most of myKlovr and have a quick access to a snapshot of their college readiness plan.



I believe we have something unique to offer the marketplace. MyKlovr’s current state and its potential go far beyond any product or service that is presently on the marketplace,” states Kenneth Volet, Global President.

Volet was recently brought on the team to lead operations and assist in building the myKlovr brand and user population. He comes from a background of over three decades of experience in senior management, technical research and systems operations for several highly successful “Software as a Service” organizations such as RantNetwork Inc., Seagate Software Inc. and Gentia Software, Plc.



MyKlovr, Delivering Students Solutions, One Student At A Time ®


Artificial intelligence is intelligence exhibited by machinery, unlike the natural intelligence (NI) shown by humans and other animals. The term “artificial intelligence” is used when a machine mimics “cognitive” functions associated with the human mind, such as “learning” and “problem solving”.

MyKlovr is the first ever digital college counselor. It recognizes the potential of AI and uses its capabilities in order to achieve its mission of helpin g students accomplish their post-secondary education dreams.



About myKlovr

A division of Student Global, LLC in New York, myKlovr is an AI-driven digital college counseling platform.

Learn more: http://www.myklovr.com/.


Rite Aid Sends Letter to Shareholders Outlining Key Reasons Proposed Merger with Albertsons is in the Best Interest of Its Shareholders

CAMP HILL, Pa.– (BUSINESS WIRE) — Rite Aid Corporation (NYSE: RAD) today announced that it has sent a letter to shareholders in connection with its proposed merger with Albertsons Companies, Inc. (“Albertsons”). The letter answers certain frequently asked questions from investors and outlines key reasons the Rite Aid Board and management team believe the proposed merger is in the best interest of shareholders, and highlights Rite Aid’s recommendation that shareholders vote FOR the transaction.

The full letter to shareholders is available at https://bit.ly/2ObNkVe and the text is included below.


Dear Rite Aid Shareholder:

As the August 9, 2018 Special Meeting to approve the proposed merger with Albertsons Companies (“Albertsons”) approaches, we have been in regular discussions with our shareholders regarding the benefits of the transaction. As we have engaged in these discussions, a number of important questions have arisen. For the benefit of all our shareholders, we have collected some of the most frequently asked questions and provided responses below. We hope these responses provide clarity as you consider your support for the transaction.

Rite Aid’s Board and management team are committed to this transaction and believe it is the best option for Rite Aid shareholders. We recommend shareholders vote FOR the merger and position Rite Aid to capture compelling, long-term value for shareholders and customers that we believe the merger creates. For additional information about the proposed merger and how to vote your shares, please visit riteaid-albertsons.com.

Frequently Asked Investor Questions

Q: Why is Albertsons the right partner for Rite Aid?

A: The merger with Albertsons accelerates Rite Aid’s strategic and financial transformation, significantly enhancing our scale and diversification and improving our growth prospects, financial strength and ability to deliver compelling long-term value in the face of the rapidly evolving retail healthcare landscape.

Together with Albertsons, we will be uniquely positioned to deliver value for shareholders and customers based on the key attributes of the combined entity summarized below:

  • Differentiated leader in Food, Health and Wellness with expected ~$83 billion in revenues and 40+ million customers per week
  • Best-in-class omni-channel retail experience, strong loyalty program and compelling technology capabilities to build strong customer relationships
  • Increased local-market scale to better compete in markets where scale matters, with highly recognizable brands
  • Strengthened presence in key existing markets with #1 or #2 position in 66% of combined metropolitan markets
  • Substantial merger synergies and revenue opportunities, strong and diversified cash flow, reduced leverage and attractive growth outlook

Q: How did Rite Aid arrive at the decision to merge with Albertsons? Is it possible that another buyer will emerge?

A: The decision to merge with Albertsons followed a series of robust discussions that Rite Aid’s Board and management team have engaged in over the past several years, including certain discussions with an extensive list of third parties, around a range of strategic options for Rite Aid. These strategic options included a potential sale of EnvisionRxOptions, Rite Aid’s pharmacy benefit manager, and remaining a stand-alone company.

After careful review by the full Board, Rite Aid determined a transaction with Albertsons delivers superior value and greater certainty than other alternatives. We thoroughly analyzed the growth and value creation opportunity presented by the proposed combination with Albertsons against the expected value creation opportunities of other alternatives. Taking all of this into account, a Board subcommittee that excluded our Chairman and CEO negotiated certain of the financial terms of the Albertsons merger within a framework established, reviewed and monitored by the Board, and the full Board actively directed and oversaw the negotiations and unanimously approved the transaction. We are confident that this merger with Albertsons is the best option for Rite Aid shareholders.

With regard to the possibility of another third party emerging with an alternative transaction, we can’t speculate on the actions of others, but no proposals have been received since the merger agreement with Albertsons was announced. We believe that the $65 million break-up fee, payable in the event of a superior transaction pursuant to the merger agreement, is not a significant impediment to potential interested third parties.

Q: Why is now the right time for a merger with Albertsons?

A: Rite Aid has worked hard to defend and improve its competitive position in the face of a range of industry headwinds – including increased competition, drug reimbursement rate pressure, and market consolidation. This merger accelerates Rite Aid’s efforts to better leverage our existing competitive advantages and create new ones by transforming the business strategically and financially and providing shareholders with the opportunity to realize significant value anticipated from the combination. In a time of unprecedented disruption across the retail healthcare environment, Rite Aid and Albertsons together create a top-five food and drug retailer with improved scale, a more diversified business and a stronger market position to compete more effectively today, and over the long-term.

Q: Does Albertsons have a track record of performance which makes them a good partner for Rite Aid?

A: Albertsons has demonstrated outstanding growth over the past five years, having grown from just 192 stores with revenue of $4 billion in fiscal 2012(1) to 2,318 stores with revenue of $60 billion in fiscal 2017. While difficult industry conditions prevailed in much of fiscal 2017, with unprecedented deflation and heightened competitive promotional activity, this has largely since abated. Albertsons has rebounded with solid year-over-year improvements in sales and EBITDA results in the past two quarters. In the first quarter of fiscal 2018, Albertsons exceeded its internal expectations, and is on track to achieve its adjusted EBITDA guidance for fiscal 2018 of $2.7 billion. (2)

Albertsons’ performance is a product of the company’s efforts to enhance the customer experience through investments in the omni-channel platform, improving digital marketing, loyalty and e-commerce efforts, strengthening their innovative Own Brands portfolio, as well as successful execution of their cost reduction efforts.

As shareholders of approximately 30% of the combined company, Rite Aid shareholders are poised to benefit from Albertsons’ strong financial momentum in addition to the other compelling strategic and financial benefits of the transaction.

Shareholders Will Benefit from Albertsons’ Financial Momentum
Year-Over-Year Change
Q4 2017 Q1 2018
Identical Store Sales(3) 0.6% 0.2%
Adjusted EBITDA $25MM $44MM

Q: Rite Aid just delevered – won’t this transaction increase the company’s leverage?

A: The transaction results in a lower leverage ratio on a combined basis, including synergies, and a clear path to further leverage reductions in the future. The annual adjusted EBITDA for the combined company is estimated to be $3.7 billion including synergies,(4) which implies a leverage ratio of 3.8x – lower than Rite Aid’s current standalone leverage ratio of 4.8x. Importantly, based on the stronger and more diversified free cash flow of the combined business, we expect to reduce leverage to less than 2.75x within 36 months of closing while also continuing to invest in the business.

Combination Results in Lower Leverage(5)
Leverage Ratio
Rite Aid Standalone 4.8x
Pro Forma 3.8x
Pro Forma in 36 Months <2.75x

Q: What will I receive for my Rite Aid shares as a result of the transaction?

A: Upon closing, Rite Aid shareholders will own ~30% of a larger, stronger company that is better positioned to accelerate Rite Aid’s transformation. This ~30% ownership stake results from a carefully considered and thoughtfully negotiated exchange ratio at which Rite Aid shares will convert to shares (or shares and cash if shareholders elect that option) in the combined company. Specifically, under the terms of the agreement, for every 10 Rite Aid shares, Rite Aid stockholders will have the right to elect to receive either one share of Albertsons stock plus $1.832 in cash or 1.079 shares of Albertsons.

In addition to the equity share in the combined company, Rite Aid shareholders will have the opportunity to realize potential upside value estimated to be $650 million based on the $375 million in cost synergies expected to be realized from the transaction.

Vote Your Shares Today

No matter how many shares you own, please sign and return the enclosed proxy card and vote FOR the proposal to approve this combination with Albertsons, and the compelling value creation opportunities it presents.

This is a pivotal moment regarding Rite Aid’s future, and your vote is important. A failure to vote will have the same effect as a vote AGAINST the merger proposal. In order to pass, the merger proposal requires the affirmative vote of the holders of a majority of the outstanding shares of Rite Aid common stock.

Vote Online Vote by Phone Vote by Mail

1. Look for the web address on
your proxy card or voting
instruction form

2. Locate the Control Number on
your proxy card or voting
instruction form

3. Access the web address of the
voting site

4. Enter your Control Number
and follow the instructions to vote

1. Locate the Control Number on
your proxy card or voting
instruction form

2. Dial the phone number
provided on the proxy card or
voting instruction form

3. Follow the instructions to
enter your Control Number
and your vote

1. Sign and date your proxy card
or voting instruction form

2. Return your proxy card or
voting instruction form in the
postage-paid envelope

Please vote using your proxy card today, either online, by phone or by mail. For questions about how to vote your shares, please contact Morrow Sodali, our proxy solicitor at (800) 662-5200 or RAD.info@morrowsodali.com.

Thank you for your continued support and investment in Rite Aid.


John Standley
Chairman and Chief Executive Officer, Rite Aid Corporation

Michael Regan
Lead Independent Director, Rite Aid Corporation

(1) Albertsons refers to its fiscal years as the calendar year in which its fiscal year began. For example, fiscal 2017 refers to the fiscal year ended February 2018.
(2) Based on FY 2018E (fiscal year ending February 2019) Albertsons management outlook as reported in Albertsons’ Form 8-K filed with the SEC on July 16, 2018. For further information, including a reconciliation of Adjusted EBITDA to operating income, see the reconciliation at the end of this letter or Albertsons’ Form 8-K filed with the SEC on July 16, 2018.
(3) Excludes fuel sales.
(4) On June 27, 2018, Rite Aid provided Adjusted EBITDA and net income guidance for its FY ending February 2019. For further information about this guidance, including a reconciliation of the Adjusted EBITDA range to the net income (loss) range, see the reconciliation at the end of this letter or Rite Aid’s Form 8-K dated June 27, 2018. On July 16, 2018, Albertsons provided a financial outlook for FY ending February 2019. For further information, including a reconciliation of Adjusted EBITDA to operating income, see the reconciliation at the end of this letter or Albertsons’ Form 8-K dated July 16, 2018. Includes expected full run-rate cost synergies of $375mm that Rite Aid and Albertsons believe can be realized by the end of February 2022, with an associated one-time cost of $400mm. Note this does not include revenue opportunities.
(5) Rite Aid net debt of $3.0bn as of June 2, 2018 (excluding proceeds to be realized in the future from the sale of three distribution centers to WBA); Albertsons net debt of $10.6bn as of June 16, 2018. Pro forma net debt excludes proceeds to be realized in the future, refinancing, transaction costs and $200mm potential cash consideration from cash election.

About Rite Aid Corporation

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with fiscal 2018 annual revenues of $21.5 billion. The company also owns EnvisionRxOptions, a multi-faceted healthcare and pharmacy benefit management (PBM) company supporting a membership base of more than 22 million members; RediClinic, a convenient care clinic operator with locations in Delaware, New Jersey, Pennsylvania, Texas and Washington; and Health Dialog, a leading provider of population health management solutions including analytics, a multi-channel coaching platform and shared decision-making tools. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Important Notice Regarding Forward-Looking Statements

This communication contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending merger between Rite Aid Corporation (“Rite Aid”) and Albertsons Companies, Inc. (“Albertsons”) and the transactions contemplated thereby, and the parties perspectives and expectations, are forward looking statements. Such statements include, but are not limited to, statements regarding the benefits of the proposed merger, integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates for growth, the expected management and governance of the combined company, and the expected timing of the transactions contemplated by the merger agreement. The words “expect,” “believe,” “estimate,” “anticipate,” “intend,” “plan” and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to, risks related to the expected timing and likelihood of completion of the pending merger, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as the remaining Ohio Department of Insurance regulatory approval not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or refused to grant approval for the consummation of the transaction or required certain conditions, limitations or restrictions in connection with such approvals, or that the required approval of the merger agreement by the stockholders of Rite Aid was not obtained; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement (including circumstances requiring Rite Aid to pay Albertsons a termination fee pursuant to the merger agreement); the risk that there may be a material adverse change of Rite Aid or Albertsons; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Rite Aid’s common stock, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Rite Aid to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; risks related to successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the combined company may be unable to achieve its guidance, its cost-cutting synergies, its incremental revenue opportunities or it may take longer or cost more than expected to achieve those synergies and opportunities; the risk that the market may not value the combined company at a similar multiple to earnings as that applied to the companies that Rite Aid and Albertsons believe should be comparable to the combined company, and risks associated with the financing of the proposed transaction. A further list and description of risks and uncertainties can be found in Rite Aid’s Annual Report on Form 10-K for the fiscal year ended March 3, 2018 filed with the Securities and Exchange Commission (“SEC”) and in the definitive proxy statement/prospectus that was filed with the SEC on June 25, 2018 in connection with the proposed merger, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Rite Aid undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. All information regarding Rite Aid assumes completion of Rite Aid’s previously announced transaction with Walgreens Boots Alliance, Inc. There can be no assurance that the consummation of such transaction will be completed on a timely basis, if at all. For further information on such transaction, see Rite Aid’s Form 8-K filed with the SEC on March 28, 2018.

The pro forma financial information presented herein has not been prepared pursuant to Article 11 of Regulation S-X or reviewed by either company’s auditors. The pro forma financial information that is included in the definitive proxy statement/prospectus may be materially different from the pro forma information included herein, as such pro forma information does not include any potential synergies. The pro forma information included herein gives effect to certain synergies that Rite Aid and Albertsons do not expect to be realized in full until February 2022. Expected run-rate cost synergies and revenue opportunities have associated one-time costs of $400 million and $300 million, respectively.

Additional Information and Where to Find It

In connection with the proposed merger involving Rite Aid and Albertsons, Rite Aid and Albertsons have prepared a registration statement on Form S-4 that included a proxy statement/prospectus. The definitive proxy statement/prospectus was filed with the SEC on June 25, 2018. The registration statement has been declared effective by the SEC. Rite Aid has mailed the definitive proxy statement/prospectus and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed merger. Rite Aid and Albertsons also plan to file other relevant documents with the SEC regarding the proposed merger. INVESTORS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS, AS WELL AS OTHER DOCUMENTS FILED WITH THE SEC, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. RITE AID’S EXISTING PUBLIC FILINGS WITH THE SEC SHOULD ALSO BE READ, INCLUDING THE RISK FACTORS CONTAINED THEREIN.

Investors and security holders may obtain copies of the Form S-4, including the proxy statement/prospectus, as well as other filings containing information about Rite Aid, free of charge, from the SEC’s website (www.sec.gov). Investors and security holders may also obtain Rite Aid’s SEC filings in connection with the transaction, free of charge, from Rite Aid’s website (www.RiteAid.com) under the link “Investor Relations” and then under the tab “SEC Filings,” or by directing a request to Rite Aid, Byron Purcell, Attention: Senior Director, Treasury Services & Investor Relations. Copies of documents filed with the SEC by Albertsons will be made available, free of charge, on the SEC’s website (www.sec.gov) and on Albertsons’ website at www.albertsonscompanies.com.


This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Non-GAAP measures

This communication includes certain non-GAAP measures, including EBITDA (Earnings before interest, tax, depreciation, and amortization), Adjusted EBITDA, free cash flow and net debt (collectively, the “Non-GAAP Measures”). These Non-GAAP Measures are performance measures that provide supplemental information that Albertsons and Rite Aid believe are useful to analysts and investors to evaluate ongoing results of operations, when considered alongside other GAAP measures such as net income, operating income and gross profit. These Non-GAAP Measures exclude the financial impact of items management does not consider in assessing the ongoing operating performance of Albertsons, Rite Aid or the combined company, and thereby facilitate review of its operating performance on a period-to-period basis. Other companies may have different capital structures or different lease terms, and comparability to the results of operations of Albertsons, Rite Aid or the combined company may be impacted by the effects of acquisition accounting on its depreciation and amortization. As a result of the effects of these factors and factors specific to other companies, Albertsons and Rite Aid believe these Non-GAAP measures provide helpful information to analysts and investors to facilitate a comparison of their operating performance to that of other companies. A reconciliation of the Non-GAAP Measures to the most directly comparable GAAP financial measures are included at the end of this communication. Additional information regarding these Non-GAAP measures are available in previously disclosed SEC filings of Albertsons, Albertsons Companies, LLC and Rite Aid. The appearance of Non-GAAP Measures in this communication should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. Except as otherwise noted herein, a reconciliation of Non-GAAP Measures has not been provided because such reconciliation could not be produced without unreasonable effort.

Rite Aid – Reconciliation of Net Loss to Adjusted EBITDA (FY Ending February 2019 Guidance)1

($ in millions) FYE February 2019 Guidance Range
Low High
Net loss ($95) ($40)


Interest expense 210 210
Income tax benefit (15) (10)
Depreciation and amortization 380 380
LIFO charge 35 35
Loss on debt retirements 15 15
Store closings and impairment charges 40 40
Other 45 45
Adjusted EBITDA $615 $675

Albertsons – Reconciliation of Net Income to Adjusted EBITDA (Q1 Ending June 2018 and Full Year Ending February 2018)2

($ in millions) Q1 Ending June 2018 Full-Year FYE February 2018
Net income (loss) ($18) $46
Depreciation and amortization 537 1,898
Interest expense, net 255 875
Income tax benefit (3) (964)
EBITDA $771 $1,855


Integration costs3

71 156

Acquisition-related costs4

13 62
Equity-based compensation expense 13 46
Net (gain) loss on property dispositions, asset impairment and lease exit costs (40) 67
Goodwill impairment 142
LIFO expense (10) 3


(21) 67
Adjusted EBITDA $816 $2,398

Albertsons – Reconciliation of Operating Income to Adjusted EBITDA (FY Ending February 2019)6

($ in millions) FYE February 2019 Guidance Range
Low High
Operating income $475 $550


Depreciation and amortization 1,900 1,890

Acquisition and integration costs7

155 145
Equity-based compensation expense 45 40

Other adjustments8

105 95
Adjusted EBITDA $2,680 $2,720

1 Source: Rite Aid’s Form 8-K dated June 27, 2018.
2 Source: Albertsons earnings release dated July 16, 2018 and Form 10K dated May 11, 2018.
3 Related to activities to integrate acquired businesses, primarily the Safeway acquisition.
4 Includes expenses related to acquisition and financing activities.
5 Primarily includes lease adjustments related to deferred rents and deferred gains on leases. Also includes amortization of unfavorable leases on acquired Safeway surplus properties, estimated losses related to the security breach, changes in our equity method investment in Casa Ley, fair value adjustments to CVRs, foreign currency translation gains, costs related to our initial public offering and pension expense (exclusive of the charge related to the Collington acquisition) in excess of cash contributions, gain/loss on interest rate and commodity hedges, gain/loss on debt extinguishment, and facility closure and related transition costs.
6 Source: Albertsons Form 8-K dated July 16, 2018.
7 Primarily includes forecasted costs related to integration of acquired businesses, acquisitions and amortization of management fees paid.
8 Primarily includes forecasted LIFO expense and lease adjustments related to deferred rents and deferred gains on leases and estimated net costs incurred on acquired surplus properties.





Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

Thank You Bank Deets

Today, I would like to give a huge shoutout to  Bank Deets
A website that provides the routing numbers and other info for every major bank and credit union.


If you are like me, you are probably wondering what a bank deet is.  In the case of this website, it is simply a one-stop location to find a bank’s (as long as it is a “major bank or credit union” as they say) routing number, customer service number, and website.


Thank you  for supporting our work here:

Bank Deets
A website that provides the routing numbers and other info for every major bank and credit union.


Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

Amazon Announces New Fulfillment Center in Spokane

SEATTLE, WA — (BUSINESS WIRE) —Amazon.com, Inc. (NASDAQ: AMZN) today announced plans to open in Spokane its first fulfillment center in Eastern Washington, creating more than 1,500 full-time jobs with benefits starting on day one. Amazon currently employs more than 50,000 people across the state at its headquarters in Seattle and facilities supporting customer fulfillment in DuPont, Kent, and Sumner. The company has invested more than $37 billion in Washington State, including infrastructure and compensation to its teams from 2011-2017.

“We’re excited to open a new, state-of-the-art fulfillment center in Spokane and to continue innovating in our home state,” said Mark Stewart, Amazon’s Vice President of North America Customer Fulfillment. “Washington is known for providing great opportunities for jobs and customer experience, and we are grateful to the dedicated local and state officials and teams who came together to support Amazon in bringing a new fulfillment center to Eastern Washington.”

Amazon employees at the more than 600,000-square-foot fulfillment center will work alongside Amazon Robotics to pick, pack and ship items to customers such as games, housewares, school supplies and pet toys.

“More than 1,500 jobs are coming to Spokane thanks to this important project,” Governor Jay Inslee said. “Congratulations to Amazon and all the local partners who have worked so hard to bring these exciting job opportunities to the region.”

“We are excited to have Amazon join our business community with a significant financial investment and new employment opportunities,” said Al French, Spokane County Commissioner for West Spokane. “Amazon is another Fortune 100 company to see Spokane as a critical part of their success and want to be part of Spokane’s growth.”

Full-time employees at Amazon receive competitive hourly wages and a comprehensive benefits package including health insurance, disability insurance, 401(k) and company stock awards starting on day one. The company also offers up to 20 weeks of paid parental leave and innovative benefits such as Leave Share and Ramp Back, which give new parents flexibility with their growing families.

“Amazon’s decision to build their new facility format in our community validates the innovative vision of leaders from Spokane County, the City of Spokane and Spokane International Airport to create the first County-City PDA in the state. The West Plains/Airport Area PDA enabled the public-private partnership necessary to make this site work for our newest corporate partner,” said Larry Krauter, Chairman of the West Plains/Airport Area Public Development Authority. “The West Plains/Airport Area PDA is committed to Amazon’s long-term success as we view their project as the first in a series of developments that will benefit from the unique combination of air, rail, and surface transportation infrastructure with available land in the airport area.”

Amazon offers full-time employees innovative programs like Career Choice, where the company will pre-pay up to 95 percent of tuition for courses related to in-demand fields, regardless of whether the skills are relevant to a career at Amazon. Since the program’s launch, over 16,000 employees have pursued degrees in game design and visual communications, nursing, IT programming and radiology, to name a few.

The project is being developed by Trammell Crow Company and was made possible by Greater Spokane Incorporated, The West Plains/Airport Public Development Authority, Spokane County and Spokane International Airport.


Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

Access National Bank Extends Partnership with Western Fairfax Christian Ministries

RESTON, Va.–(BUSINESS WIRE)– Access National Bank (“Access”) is committed to making a difference in the community it serves and is proud to extend its partnership with Western Fairfax Christian Ministries (WFCM) with a $2,500 contribution to hundreds of individuals and families in the Dulles Corridor.

“We are honored to maintain a long-standing relationship with Access National Bank,” Rebecca H. Kolowé, WFCM Executive Director, said, “because they, like us, understand that hunger is not just something people experience during the holidays. Access makes a positive difference in the lives of our neighbors throughout the year by working as a financial mentor.”

Access employees have served on the WFCM Board and assisted with fundraising through networking in the community.

“Their guidance has supported close to 400 families and more than 1,000 individuals visiting our pantry every month,” Kolowé added.

WFCM serves the Chantilly, Centreville, Clifton, Fairfax Station, and Fair Oaks regions of Fairfax County by providing emergency financial assistance for rent, utilities, and other basic necessities to families living below the poverty line (defined by an annual income of $23,850 for a family of four, according to the U.S. Census Bureau).

“As a community bank, we embrace our responsibility to support and empower local, community-based organizations serving important constituencies who are often overlooked by mainstream society,” Michael Clarke, Access National Bank CEO, said. “This work is critical to upholding and enhancing the quality of life that makes Virginia a great place to live and work. We are privileged to be afforded the opportunity to share our nonprofit industry expertise and help contribute to WFCM’s impact and growth.”

Access National Bank and its Middleburg Bank division collectively serve the needs of businesses with $1-$200 million in annual revenue, as well as high-net-worth individuals and families in Virginia and Metro Washington, D.C. Headquartered in Reston, Virginia, Access National Bank and its Middleburg Bank division are subsidiaries of Access National Corporation, which includes divisions specializing in residential mortgage lending, trust services and wealth management services. Access National Corporation trades on the NASDAQ Global Market under the symbol “ANCX.” Additional information is available at AccessNationalBank.com. Member FDIC.

YGYI’s CLR Roasters Inks $5 Million Private Label Supply Agreement

San Diego, CA  (press release) – YGYI, Inc. (YGYI), a leading omni-direct lifestyle company announced that its subsidiary CLR Roasters, has executed a $5,000,000 supply agreement with a multi-billion dollar, Midwest based buying consortium. The agreement covers multiple brands and collectively these brands are expected to be sold at various retail establishments throughout the United States. CLR Roasters, LLC announced that the contract is expected to commence in the third quarter of 2018 and continue into 2020.

“We have been working diligently to increase distribution for our private label business segment and this contract should expand our reach considerably. Our new partnership covers several prestigious brands that will be offered in a number of retailers across the country” said, Ernesto Aguila, President of CLR Roasters, LLC.

The buying consortium is privately held and provides solutions for leading food industry businesses on a national scale, including grocery retailers and wholesaler’s food service companies. The contract includes a variety of retail 12 oz. bags being manufactured in both ground and whole bean roasted coffees consisting of multiple blends depending on the brand.

Dave Briskie, President and CFO of CLR Roaster’s parent company stated, “We anticipate that this contract will push our private label business further into main stream retail and strengthen the roasting side of our coffee business. We expect to continue developing our multi-faceted revenue model consisting of green coffee distribution, private label roasting, and distribution of our Café La Rica Brand, the official Cafecito of Major League baseball’s Miami Marlins, within food service and retail.”

Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.


Sharebuilder is No More

Several years ago, I began investing a portion of my tiny income, and I do mean tiny, into stocks through a website called Sharebuilder.com.  The company, allowed an individual to purchase a small number of shares, including fractional shares.  This was great.  Then a few years back, the company was bought by Capital One. Which was no big deal, we continued business as usual. Capital One, or Crapital One, as one financial guru likes to refer to them as, operated the discount brokerage as a separate business.

Now it is 2018, and Capital One has decided to rid itself of the discount brokerage, they will still offer brokerage services, just not discount services.   Earlier this year, Capital One announced that those with accounts in the former Sharebuilder will have their accounts transferred to E*Trade.  That’s right E*Trade.  Now that is where the problem is. Well, I say a problem, but it is a problem, that we can survive, although reluctantly.

Sharebuilder moving to Etrade
Sharebuilder screenshot

Here is the deal.  those fractional shares will be no more.  They cannot be transferred.  So at the close of business on August 8, 2018, any remaining fractional shares, will be automatically sold and the cash put in the accountholders.  There is one option that an account holder can do right now.  That is to sell those fractional shares between now and August 8, with no transaction fees. That is what I did for some of my shares. For example, I had a fractional share of Simon Property Group, a company I very much wanted to keep, but I can’t afford to get a full share.  So I went ahead and sold that high dollar stock and added to my Walmart stock, I now have one full share of Walmart, and on August 8, the fractional share over that one share will be sold, leaving me with just one share.

At least, I will still have one share in the new E*Trade account when I get that next month.  Something else I did, was increased, with the cash I had on hand from the sale of partial shares, which included the partial share (over the one full share) of Berkshire Hathaway class B,  and used the rest to buy seven more shares of Youngevity International (YGYI) to bring my holdings of this stock to nine shares.


Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

— go ahead share your thoughts with me now, my ears are open. I’m always eager to hear what you think.

YGYI Launches New Corporate Investor Relations Website

San Diego, CA (press release) – Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company is pleased to announce, effective today, the company has launched an innovative corporate investor relations web platform. The new platform is being combined with a new initiative aimed at improving how we communicate with their current shareholders and prospective investors. The new investor relations web platform will be one of the key tools aimed at boosting their brand awareness as well as enhancing their communication strategy and outreach to institutional investors, analysts, retail investors, and various financial publications.

The company also filed an 8K on Tuesday (July 17) releasing their latest investor presentation (click here) which is available on their newly launched website https://ygyi.com/.

In addition to the resources outlined above, we are committed to improving their investor communications by providing more visibility, more regular email updates of their already public information, and we are committed to sharing broader insights with their shareholders and the investment community. You may click here to sign up for their mailing list, so we can keep you up to date on all pertinent public information.

Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

Comcast Launches New WiFi Parental Controls Feature

PHILADELPHIA, PA (Business Wire) – Comcast today launched a new home WiFi parental controls feature that enables parents to set specific time allowances for their child’s daily internet usage at home. The new “Active Time Alerts” feature on the Xfinity xFi platform will notify parents when their child’s WiFi usage on their home network is approaching their allotted time.

A new, nationwide survey of parents found that 92 percent believe their children spend more time on their devices during the summer than any time of the year and nearly three-fourths (74 percent) of parents wish they had a way to turn off their child(ren)’s WiFi access whenever they want.

“This latest xFi feature gives parents more visibility and control over their children’s online activity at home which is especially useful during the summer months, when internet usage spikes,” said Eric Schaefer, Senior Vice President of Internet and Communications Services for Comcast Cable. “With Xfinity xFi, we are giving customers the ability to personalize their home WiFi experience and providing tools that can help solve real-life problems.”

At home, parents can easily set up Active Time Alerts by selecting their child’s profile within the Xfinity xFi app and set specific weekday and weekend time limits across their child’s assigned devices. Once the child is close to reaching the allotted time limit, the parent can choose to receive a push notification, text or email alert and take action: by either extending the time or pausing WiFi access altogether.

The American Academy of Pediatrics (AAP) has emphasized the importance of limiting children’s device use, warning that excessive screen-time can displace important activities such as face-to-face interaction, family-time, outdoor-play, exercise, and sleep.

The new survey, commissioned by Comcast and conducted by Wakefield Research, supports the AAP position and also found:

  • Teens are more interested in surfing the internet than ocean waves: On a beach vacation, more than half (56 percent) of parents with teenaged children surveyed believe their child(ren) would rather interact with their devices than surf the ocean waves.
  • Devices are sweeter than candy to kids: 76 percent of parents say their kids are more addicted to their devices than candy.
  • Most parents set rules on device time: 73% of parents say that they put limits on the amount of time that their children or family spends on devices.

Last year, Comcast launched Xfinity xFi, a new way for customers to personalize, troubleshoot, monitor and control their home WiFi, including the ability to instantly pause WiFi connectivity by user or device. The “pause device” feature is the most popular xFi function, with users tapping “pause” about five million times since launch, most often during dinnertime, between the hours of 6:00 p.m. and 9:00 p.m.

The xFi digital dashboard can be accessed via the xFi mobile app (iOS and Android), website and on the TV with the X1 voice remote. xFi is now available to Xfinity Internet customers who rent a compatible Xfinity WiFi device and comes at no extra cost.