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Rent-Way, Inc. (RWY) Message Board

  • akita1a akita1a Jun 4, 2001 10:28 PM Flag

    Summer Vacation?

    This board has sure cooled off the last few days... Is everyone on summer vacation already? Or is this just the calm before the storm (or the 10K)?

    RWY is up, but on very small volume. Sure would like to see more action from the "institutional" side of the street, without it I believe we will continue to drift up and down between $6.50 and near $8. Seems like those are the current price supports and triggers.

    Can't say that I blame the investors though, without more "legit" info it's anyone's guess as to how bad things really are. Well, we have been told this is the month for the 10K(again) so maybe the 3rd (or 4th or 5th) time is the charm. I'm long but getting anxious, without faith in management, it won't take much to for me to pull the trigger.

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    • <This board has sure cooled off the last few days...>

      At this point, what else is there to say??? I think we all did a pretty good job over Memorial Day weekend, fleshing out all the pros and cons. I'm actually kind-of impressed with the steady climb in the stock lately, and although it's not on a lot of volume, it's not on "no" volume, either. Anyway, personally speaking, I'm still on the sidelines, waiting for the "K".

    • Quiet indeed. We have actually done very well. The last tranche I bought at 6.90 is even well up. Clearly everyone is holding tight to see if we get hosed on the 1998 figures, but expecting actually to have some closure with the 10k and hence a pop.

      IMHO, this is something of crap-shoot from here. I don't seeing it retracing to 4, but even if the 10k comes out it could be accompanied by a bitter pill or two, negating the resolution.

      All-in-all, I am in this case tempted to join the class action suit. I hate the laywers, but occasionally people deserve to suffer, Best patch

 

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