Rent-A-Center, Inc. (NASDAQ:RCII)
CAPS Rating:
The Company is a rent-to-own operator in the United States.
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The Company is a rent-to-own operator in the United States.
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Rent a center's largest customer base are people with marginal credit scores. These are the same folks who are defaulting on consumer debt. I am wagering that for the forseeable future rent a center's repossessions will outperform it's new rentals. Does anyone appreciate the irony of rent a center itself being repossed by creditors....1.25 BILLION in long term debt!! Ouch!!
Rent A Center is the most visual and seemingly legit business venture of Satan P Vader. What worries me is if Satan can't make any money how the hell are the rest of us going to survive? It would be great if the fed could bail out Satan but they are too busy killing camels or some sh*t in Iraq. I know what your thinking... but no, Satan didn't have anything to do with the war. He has much better sense than that.