During Thursday's earnings conference call, RentWay CEO Bill
Morgenstern very clearly stated that he could not discuss any
details regarding potential refinance; but he went on to say
"We're working diligently on re-financing our existing bank debt
in the near term."
RentWay stock has steadily gained ground since mid March. Recent
gains have been accompanied by above average volume, a sign of
increased investor confidence.
"We can be as competitive as anybody else in this business when
we are not distracted on a day to day basis managing things that
are not part of our core business. When we have the capital and
resources that we need to manage our business on a go-forward
basis, I think you're going to see the management team that has
put in the last 30 months of hand to hand combat actually 'go to
war' and show people that we can run this business and run it