AARON'S INC. (NYSE: AAN) rated to Buy by Cantor Fitzgerald
Cantor Fitzgerald rated
AARON'S INC. (NYSE: AAN) to Buy.
Aaron's Inc, formerly Aaron Rents Inc, is a specialty retailer of consumer electronics, computers, residential and office furniture, household appliances and accessories. The Company engages in the lease ownership, rental and retail sale of a variety of products, such as widescreen and liquid crystal display (LCD) televisions; computers; living room, dining room and bedroom furniture, and washers, dryers and refrigerators.The Company's major operating divisions are the Aaron's Sales & Lease Ownership division and the MacTavish Furniture Industries division. As of December 31, 2008, the Company had 1,557 sales and lease ownership stores, which comprised 1,037 Company-operated stores in 32 states and Canada, and 504 independently owned franchised stores in 47 states and Canada and 16 office furniture stores in nine states. On September 12, 2008, the Company sold its Aaron?s Corporate Furnishings division to CORT Business Services Corporation.
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