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Transaction Details

Company: Rent-A-Center
Ticker:rcii
Yahoo Beta:0.62
Industry:Rental & Leasing

Company Description:  Rent-A-Center, Inc. is the country's largest consumer rent-to-own company. Rent-A-Center rents brand-name durable products to a wide range of customers. Customers may obtain products under flexible contract agreements without long-term obligations or without demonstrating credit worthiness

Purchase Date:21 Apr 2003 Sale Date:04 Mar 2004
Purchase Price:$55.40 Sale Price:$75.63
  --Split Adjusted:$22.16  --Split Adjusted:$75.63
Shares Purchased:100 Shares Sold:250
  --Split Adjusted:250  --Split Adjusted:250
Transaction Fee:$86.45 Transaction Fee:$163.29
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$56.60 High$0.00
Date21 Mar 2003 Date01 Feb 1996
Low$39.01 Low$0.00
Date05 Nov 2002 Date01 Feb 1996
S&P (Purchase Date):$892.01 S&P (Sale Date):$1,129.42

Purchase
Timing:  Bought near the six month high.
Reason:  We beleive the stock has been undervalued and beleive the growth potential and the margin enhancement initiatives will positively affect the value of the company. We believe that macroeconomic events will have limited impact on the company, and have a one-year price target of $76.

Sale
Timing:  
Reason:  The stock does not fit the fund's new focus on small to mid cap companies. In addition, the company's earnings performance has been lackluster the last few quarters. The fund managers do not believe that trend will change soon.

S&P Gain: 26.62 % Annualized Gain: 35.15%
Stock Gain: 241.27 % Annualized Gain: 379.02%

Dividends:$0.00
Net Holding Return ($): $13,116.51
Net Holding Return (%): 233.12 %