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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
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