RCII - Rent-A-Center Is Firing On All Cylinders And Has Room To Run
Rent-A-Center (NASDAQ: RCII) has bounced sharply over the past few months. Also, RCII's business fundamentals have strengthened through an updated value proposition, e-commerce expansion, and refinancing. Moreover, management seems to be very shareholder-friendly. It has started a new quarterly dividend, and it also has a share repurchase program outstanding. Lastly, I believe that RCII still has some potential upside left in the tank. My valuation model suggests that RCII should trade at approximately $41.62, which would bring its valuation multiples in-line with its sector. In my view, all of these factors make RCII an