The run-up this last month has been incredible I was wrong on my pull back prediction like 40 percent ago. But this is a scary short term level to buy this stock. 100 percent in a month means there is a possibility of a short term violent pullback. I maybe wrong, but a 25 percent pullback maybe be in the cards. I will add my position if it goes back to below 15. This is getting to into hog territory and I don't want to get slaughtered.
However another good earnings report my propel this further. I have seen this many times before and dont want to be a short term bag holder.
Crusher 4 U
Rent-A-Center (NASDAQ:RCII) announces that the Acceptance Now division decided not to renew a referral agreement with Conn Appliances (NASDAQ:CONN).
The current contract is due to expire on June 6.
The company passed on renewing the agreement due to the quality and performance of ANow customer accounts originating from Conns stores in terms of delinquencies, losses and product returns.
"We expect these closures will result in an immediate improvement in cash flow in the ANow business beginning in June, and an improvement in ANow’s return on investment for the remainder of 2017," says Interim CEO Mark Speese.
Crusher 4 U
The main part is "The company passed on renewing the agreement due to the quality and performance of ANow customer accounts originating from Conns stores in terms of delinquencies, losses and product returns."
(Reuters) - Rent-a-center Inc
* Rent-A-Center Inc to terminate acceptance now agreement with Conn Appliances Inc.
* Rent-A-Center - determined not to renew referral agreement with Conns due to quality and performance of ANow customer accounts originating from Conns stores
* Rent-A-Center inc - expect the closures will result in an immediate improvement in cash flow in ANow business beginning in June
* Rent-A-Center - as result of non-renewal of agreement, all 115 ANow kiosks located inside Conns stores will cease operations at close of business on June 6 Source text for Eikon: Further company coverage:
"Over the longer term, the previously disclosed exit from Conn Appliances, Inc. (“Conn’s”) is expected to improve delinquencies and losses as the ANow customer accounts originating from Conn’s consistently underperformed compared to the rest of the Company’s ANow portfolio in terms of delinquencies, losses and product returns. In March, the first wave of HHGregg stores closed and the nearby Acceptance NOW locations that received merged accounts were removed from the same store sales calculation.
Looking for another nice beat with earnings to be announced around June 2....I also expect positive outlook and should see this stock mid $20's after earnings
Overall I think we will see upside for CONN in the short-term. Perhaps a pullback next day or so could occur I suppose but are yall also seeing a further leg higher? have you guys heard of awesome-STOCKS. i started receiving their allerts and so far i am happy.
Sold too early. 😞
Crusher 4 U
Aaron's is taking the market share and have grown in revenue plus eps. How about CONN?
Did the CFO of CONN's whisper something to the analysts regarding the current quarter earnings?
Stock price increases like this make no sense when based on an Excel spreadsheet and a Millennial's theories.
SEC should review Reg FD disclosures.
How long can this 20th century business model survive?
Hard to believe Conn's has a bright future. Retail outlets are falling out of favor. In addition, Conn's sells to people whose credit is so bad they cannot even obtain a credit card. Their business model is one of high risk and limited returns. Any default on a sale will wipe out the profit from that sale. I predict Conn's will be out of business within the next 5-10 years.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is -0.3 In other words, the correlation coefficient of the other stoc
There will be one more major leg of rallying. Be patient.