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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (15747)	11/5/2002 2:44:30 PM
From: Bob Rudd	Respond to of 78516

Paul - RCII: While I owned this it took a gut-wrenching excursion to 23 that I never really understood based on multiples - it recovered and I got out with a modest profit, though I missed a substantial portion of the runup that followed....I felt there were issues I just didn't have a handle on. Anyway, saw this today: >>11/5/02 1:18PM Rent-A-Center: AVALON questions Q3 results (RCII) 39.74 -1.08: Avalon Research believes that RCII's Q3 EPS could have been as low as $0.05 (well below the $1.14 reported) "if the co adopted a depreciation method that was more in sync with economic reality"; maintains Sell rating and $17 price target. Avalon is considered pretty sharp so you might want to look at the depreciation issue.