As of close of trading on Thursday, May 13, Salton had a market capitalization of approximately $31 million, ranking 600th in the Index. Standard & Poor’s will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com. World Acceptance, a small loan consumer finance business, offers short-term loans and credit insurance to individuals in 11 states. Headquartered in Greenville, SC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Consumer Finance Sub-Industry Index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – May 17, 2004 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | World Acceptance Corp. | Financials | Consumer Finance |
DELETED | Salton Inc. | Consumer Discretionary | Household Appliances |
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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