Portfolio Recovery Associates, Inc. (NASDAQ:PRAA)

CAPS Rating: 5 out of 5

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.

Recs

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Player Avatar DavidXW (64.98) Submitted: 5/15/2011 8:32:53 AM : Outperform Start Price: $14.84 PRAA Score: +211.61

It's not surprising this company has done well in a poor economy. That's when debt gets sold to collectors at a discount. On the other hand, if the economy improves they'll probably collect on a larger portion of the portfolio they already own, so I'm going to continue to hold this one until it does, then reevaluate.

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