Asset Acceptance Capital Corp. (NASDAQ:AACC)
CAPS Rating:
The Company purchases and collects defaulted or charged-off accounts receivable portfolios from consumer credit originators.
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The Company purchases and collects defaulted or charged-off accounts receivable portfolios from consumer credit originators.
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Recs
They are still struggling with managing portfolios purchased at high prices and subsequent portfolio impairments. Poor EPS will continue for next 1-2 years and stock should underperform as a result.