With the sale 295 stores and one lawsuit in the rear-view mirror, RentWays next big hurdle will be to refinance it's high interest debt.

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."

Emphasis on Near Term
RentWay has until June 30 to refinance it's high interest debt or current lenders will have the right to, in Morgenstern's words "purchase 15% of the company stock for virtually nothing".

RentWay stock has steadily gained ground since mid March. Recent gains have been accompanied by above average volume, a sign of increased investor confidence.

Best quote of the call

Bill Morgenstern
RentWay CEO
"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 very profitably."