Asset Acceptance Capital Corp. (AACC)

CAPS Rating:

The Company purchases and collects defaulted or charged-off accounts receivable portfolios from consumer credit originators.

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Avatar MylesPatrick (74.18) Submitted: 8/20/07 5:38 PM : Start Price: $14.64 AACC Score: -22.48

AACC is a bad-debt collection firm. It buys written-off obligations from other companies and then attempts to settle with creditors. Results have been hurt over the first six months (-28%) because the price of bad debt went from $0.03 on the dollar t...

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Recs

3

Avatar Flyingwhale (48.21) Submitted: 9/30/06 7:05 PM : Start Price: $13.95 AACC Score: -29.35

I think it's been oversold. I beleve that PRAA is the better pick for the long term invester, but AACC is a bit too much of a value play for me to pass up. My big hesitation here for making this a long term pick is that I don't trust the accounting ...

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2

Avatar SoMch2Knw (26.49) Submitted: 9/27/06 5:39 PM : Start Price: $13.59 AACC Score: -28.21

wabuffo100 - understanding the intricacies of this business gives me a headache, but your HG discussion convinced me the stock is broken, not the company.

TMFCanuck (who doesn't seem to be here) - same, same, I'll take PRAA also.

TMF1000 - for id...

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2

Avatar fogman24 (99.88) Submitted: 9/28/06 7:52 PM : Start Price: $12.86 AACC Score: -26.21

Considering the fact that every family member, friend, acquaintance ect. I know is in debt I think this company is set up in a "great" growth industry . It also helps that most of the people I know seem to think that saving = throwing money away and...

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3

Avatar TMFBBQPorkMogul (25.81) Submitted: 7/17/06 4:42 PM : Start Price: $15.49 AACC Score: -39.15

It's no PRAA, but it's cheaper. Has a tendency to trade in higher range when management is flubbing up.

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2

Avatar TMFZahrim (75.52) Submitted: 8/18/06 6:44 PM : Start Price: $14.95 AACC Score: -36.46

It's like PRAA but less well-known. It has the same opportunities, though a less proven management. Due diligence required before investing, but this one could serve you well through protracted market downturns.

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2

Avatar NetscribeFinServ (< 20) Submitted: 2/19/07 3:20 AM : Start Price: $13.33 AACC Score: 21.67

Asset Acceptance purchases charged-off debt from credit issuers, consumer finance companies, retail merchants, telecommunications and other utility providers and is committed to recovering the amount owed, even if it takes several years. On average, ...

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1

Avatar TMFMattyA (95.82) Submitted: 7/05/07 9:34 AM : Start Price: $15.08 AACC Score: -23.81

I like this company for many of the reasons I like PRAA. While the management team isn’t as strong as PRAA’s from an operational standpoint, they have demonstrated shareholder-mindedness (usually my biggest management yardstick), most recently in a ...

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