| ||
| Ticker | RSC | |
| 2875 Needmore Road Dayton, OH 45414 937-276-3931 Fax: 937-276-8643 | ||
| Ownership Institutional Insiders |
62% 17% | |
| Dividends Industry |
none Electronics Stores | |
| Official website: http://www.rexstores.com | ||
Incorporated in 1984 as a holding company, REX is a specialty retailer in Consumer Electronics and appliances. Additionally, REX is involved in several partnerships focusing on the Ethanol energy industry.
Retail Business[]
| Product Mix | 2005 | 2006 | 2007 |
|---|---|---|---|
| Televisions | 56% | 55% | 56% |
| Appliances | 22 | 26 | 28 |
| Audio | 9 | 7 | 4 |
| Video(Non-TV | 6 | 4 | 3 |
| Extended Warranties | 5 | 5 | 6 |
| Other | 2 | 3 | 3 |
| Stores Closed | |
|---|---|
| 2005 | 16 |
| 2006 | 25 |
| 2007 | 78 |
The company operates stores in small to medium sized markets that possess an active newspaper circulation that it can use to leverage its print advertising. Over the last several years, the company has been closing money losing stores in an effort to remain profitable. Since January, another 4 stores have been closed, leaving 115 remaining.
Alternative Energy[]
Starting in 2006, in an effort to diversify, the company began investing in the Ethanol energy industry.
Parnerships[]
| Levelland Hockley County Ethanol, LLC | - 56% company owned |
| Big River Resources, LLC | - 10% company owned |
| Patriot Renewable Fuels, LLC | - 23% company owned |
| One Earth Energy, LLC | - 74% company owned |
Recent News[]
| www.cbsmarketwatch.com www.morningstar.com |
finance.yahoo.com www.zacks.com |
www.reuters.com www.nasdaq.com |