$45.61
-0.88 (-1.89%)
Portfolio Recovery Associates, Inc. (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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Fool UK
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Great entry point for a company turning cheap debt paper into real cash earnings. Consistenly applying over more and more portfolios of debt that are increasing in current environment is very lucrative...especially when you can buy the debt pennies on the dollar. financial companies themselves are on firesale today, look at wamu, countrywide, lehman, wachovia bank. this company is well positioned to purchase the 'worthless' debt these banks are desperate to get rid of to keep favorable capital levels in the eyes of lenders, regulatory agencies, and the investor community. PRAA is in the right place, at the right time, and at today's valuations, at the right price. ASFI today is at just a good level if not better, look there also.
I see the potential, but have not seen the stock price move that strongly.
I see the potential, but have not seen the stock price move that strongly.