| Business Summary | | Rent-Way,
Inc.
is
the
second
largest
operator
in
the
rental
purchase
industry
with
1,117
stores
in
41
states.
The
Company
offers
home
entertainment
equipment,
furniture,
major
appliances
and
jewelry
to
customers
under
full-service
rental-purchase
agreements
that
generally
allow
the
customer
to
obtain
ownership
of
the
merchandise
at
the
conclusion
of
an
agreed
upon
rental
period.
The
Company's
stores
average
approximately
3,500
square
feet
in
floor
space
and
are
generally
located
in
strip
shopping
centers
in
or
near
low
to
middle
income
neighborhoods. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rent-Way
Inc.
offers
home
entertainment
equipment,
furniture,
major
appliances
and
jewelry
to
customers
under
full-service
rental-purchase
agreements.
For
the
nine
months
ended
6/30/01,
total
revenues
increased
13%
to
$498.7
million.
Net
loss
totalled
$38.5
million
vs.
an
income
of
$3.7
million.
Revenues
reflect
acquisitions
and
new
stores
opened.
Net
loss
reflects
increased
debt
levels,
higher
interest
rates
and
an
adverse
change
in
the
value
of
the
interest
portfolio. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| William Morgenstern, 41 Chairman
and CEO | $498K | $1.1M | Jeffrey Underwood, 43 VP
of Operations | 151K | -- | William McDonnell, 38 VP,
CFO | -- | -- | John Lombardi VP,
Controller, CAO | -- | -- | Ronald DeMoss, 49 VP,
Gen. Counsel | 151K | -- | Dollar
amounts are as of 30-Sep-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|