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Bestway Stock Soars
04-21-03
RTO Online
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Bestway, the smallest of the publicly held RTO companies, continues to set new highs. BSTW stock soared 27.59% today to close up $4.00 at $18.50 per share on higher than average volume.

Results and stock value have seen steady increases since David Kraemer left Rent a Center to take over as President and CEO of Bestway in July, 2002.

Bestway's average trading volume is very low due in part to the small float of 600,000 shares (Float = the number of shares available to the public for trade). Compare this to Bestway's nearest competitor Rainbow with a float 4 times larger at 2.6 million shares.

Bottom line, for the relatively few owners of this stock, the investment rates a 10 on the "should have bought 10,000 shares a year ago" meter.

Bestway (BSTW) stock Factoids
As of 4-21-03

52-Week Change +229.5%
52-Week Change relative to S&P500 +314.7%

Other news
Rent a Center closed down $0.23 at $55.25
Aarons closed down $0.03 at $21.95
Rent Way closed up $0.07 at $4.13
Rainbow closed up $0.01 at $5.36


 

RTO Online is the official channel for Rent-to-Own Industry News and the only independent source of news for the rent-to-own, rental-purchase, lease-purchase trade. RTO Online (Rent to Own Online) represents the choice of the entire RTO Industry for trusted information, as it happens.

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