Portfolio Recovery Associates, Inc. (PRAA)

dbhealylongonly (< 20) Submitted: 5/01/08 9:16 PM : Start Price: $46.71 PRAA Score: -12.11

Finally, a "Hidden Gems" pick to write home about! I missed the recent run-up in CAPS after a positive earnings report - but not in my real life portfolio. I've bought these guys over the past year at all points - $50, $40, $30. I don't see how the company can fail, given their successful track record of collecting debt that they buy for pennies on the dollar. Kudos to the subprime mess for tanking PRAA for a bit; I didn't miss the opportunity to get in cheap! Long term hold.

CAPS Rating - 5 Stars [3230 outperforms / 87 underperforms]

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