RCII - Down 70% in 2022 Is This High-Yield Stock a Buy?
While lease to own (LTO) might not be the most glamorous business model, that doesn't mean a leading LTO company like Rent-A-Center (NASDAQ: RCII) can't be a good investment.
Rent-A-Center primarily leases household durable goods such as furniture and appliances to consumers on a lease-to-own basis, as well as electronics like computers, tablets, smartphones, and more. These leases typically last from 12 to 24 months, and the company makes money because the total amount paid over the course of the lease is higher than what consumers would have paid if they bought the items outright. The company has over 2,400 locations in North America, which includes 466 franchised stores and 123 locations in Mexico.
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Down 70% in 2022, Is This High-Yield Stock a Buy?