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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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.