Morningstar

Morningstar, Inc.

Equity Bottom-Up

<p>Operating under the Radio Rentals and Rentlo brands, Thorn Group is Australia's foremost electrical and household appliances rental business. The company offers a wide range of audiovisual products, kitchen and laundry appliances and computers, along with a range of furniture and gym equipment on a rental basis or on a purchase option. Management ventured into other businesses, including expanding a cash loan business, expanding into debt collection in 2011, and increasing scale in its equipment…</p>

Australia

Thorn Group Ltd. rents electrical appliances. The Company offers home entertainment products, digital imaging equipment, kitchen appliances, laundry appliances, furniture, computer and office equipment, game consoles, and fitness equipment.