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4-Traders Homepage  >  Equities  >  Nyse  >  Rite Aid Corporation    RAD

Delayed Quote. Delayed  - 08/24 10:01:21 pm
7.47 USD   -2.35%
08/24 RITE AID : Eastpointe man shot by 91-year-old Detroiter is charged
08/24 ROBBERS TAKE PA : Police
08/24 HONDA MOTOR : Man Hit By Car On Morgan Street In Stamford
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Rite Aid : Eastpointe man shot by 91-year-old Detroiter is charged

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08/24/2016 | 07:35pm CEST

Aug. 24--An Eastpointe man shot by a 91-year-old Detroit man who said he feared being robbed was charged today.

Richard G. Ashford, 30, was charged with assault with a dangerous weapon, a four-year felony, and arraigned in 38th District Court in Eastpointe, city Deputy Police Chief Eric Keiser said. He was ordered held on a $50,000 bond and is to wear a GPS tether if he posts bond, according to the district court.

A not-guilty plea was entered by the court. Ashford remained in custody this afternoon and has court dates for Aug. 31 and Sept. 7 in district court. He also has a 2014 loitering case pending, according to district court records.

Keiser said the 91-year-old Detroiter in Monday's incident has a concealed-pistol license and was legally carrying a handgun when he shot Ashford in the neck in the parking lot of the Rite Aid at 9 Mile and Gratiot. Keiser said the 91-year-old was "in great fear" and not hurt in the morning incident.

"This elderly man's self-defense is an entirely appropriate use of force," Macomb County Prosecutor Eric Smith said in a release late this afternoon. "Facing imminent assault, he announced that he was armed, made attempts to withdraw, warned again that he held a weapon, and fired only when completely necessary.

Smith added: "This is a textbook case for why concealed pistol licenses are issued in the first place. American citizens have the right to protect themselves in the face of clear assault."

Smith said in the release that Ashford walked directly at the Detroiter in a threatening manner. The Detroiter, frightened by the approach, announced he was a concealed pistol license holder and went back to his car and waited until Ashford walked out of view.

Smith said the Detroiter got out of his car again and walked to the Rite Aid and as he neared the front doors, he saw Ashford approach again holding something in his hand. The Detroiter again shouted that he was armed and told Ashford to back off.

Ashford continued to approach with the unknown object in his hand above his head, according to Smith's release. Keiser said Ashford pointed the object that appeared to be a weapon at the Detroiter.

The Detroiter pulled out his .38-caliber revolver and fired at Ashford from about 10 feet away. When Ashford continued to approach, the Detroiter fired again, wounding Ashford, Smith said in the release.

After he was shot, Ashford fled westbound across Gratiot, was taken into custody by police and was then taken to a hospital.

The Detroiter flagged down a passing vehicle and asked to be taken to the police station, according to Smith's release.

Police said there was no store video, but Keiser said there were witnesses. He said no charges were filed against the Detroiter. Two independent witnesses from an office building next to the store confirmed the Detroiter's account, according to Smith's release.

Contact Christina Hall: chall99@freepress.com. Follow her on Twitter: @challreporter.

___

(c)2016 the Detroit Free Press

Visit the Detroit Free Press at www.freep.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 32 966 M
EBIT 2017 709 M
Net income 2017 151 M
Debt 2017 6 717 M
Yield 2017 -
P/E ratio 2017 46,34
P/E ratio 2018 29,96
EV / Sales 2017 0,44x
EV / Sales 2018 0,42x
Capitalization 7 836 M
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Mean consensus HOLD
Number of Analysts 7
Average target price 8,86 $
Spread / Average Target 19%
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NameTitle
John T. Standley Chairman & Chief Executive Officer
Kenneth A. Martindale President & Chief Operating Officer
Darren W. Karst SEVP, Chief Financial & Administrative Officer
Steve Rempel Chief Information Officer & Senior Vice President
Joseph B. Anderson Independent Director
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