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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.
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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