Portfolio Recovery Associates, Inc. (NASDAQ:PRAA)
CAPS Rating:
A full-service provider of outsourced receivables management and related services. The Company's primary business is the purchase, collection and management of portfolios of defaulted consumer receivables.
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With Americans on average spending more than ever, this company looks to cash in on an already crazy debt ratio. With this in mind, PRAA should be able to continue to buy debt and turn it into large gains. I own this one as well.