The Company is a systems-driven purchaser and manager of charged-off consumer receivable portfolios and through its wholly owned subsidiary Ascension Capital Group, Inc., a provider of bankruptcy services to the finance industry.
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Tom Brown owns 17% of this baby in his Second Curve Capital fund! Stock's recent softness provides nice entry point. A second class player in this space - certainly relative to PRAA, but a decent value play and a takeover target as management is exploring strategic alternatives.