Michael SmedleyRentcash Inc.RCS.TOBUYJun 08, 2005

He says this was his single worst pick of last year. Screwed up too much for him and he's not going to touch it.

Had grown very quickly and then got whacked 30% because they realized they have to reserve something for pays. Looking at it at this price. Looks like a fine business.

They do short term money loan operations. Also have lending operations within furniture stores. It's very, very cheap and very, very profitable. Probably the best income trust candidate in the financial services world. Can see a $45 value as an income trust.