Asset Acceptance Capital Corp. (NASDAQ:AACC)
The Company purchases and collects defaulted or charged-off accounts receivable portfolios from consumer credit originators.
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Recs
kayceygirl
(81.20)
Submitted: 8/14/2010 1:29:08 AM :
Start Price:
$3.96
AACC Score:
+12.49
This is one of my STARZ.
Here is the thought process on this STAR:
a) Divided rate over Zero
b) 3 Year Beta between -5 & +3
c) 15% + Insider ownership
d) No greater than -50% Growth rate for the last 3 years (tought= last couple of years so goo that insiders are still owning the stocks)
e) Current CAPS rating between 3 Stars & 5 Stars
Open to all Industries and Sectors screened this down to just 250 stocks. I like round numbers. 12 of them I already own through other screening tools. I tend to be somewhat conservative but looking for 3 things at this point in my investing:
1. Stability & Strength
2. Yield and Modest Growth
3. Strong Position within a sector regardless of whether the entire sector is strong or not. Each sector has to perform to some degree for the whole world economy to function. I am looking for 5 or more years down the road, ROI, and Growth.
Not looking for rockets, just stars. This is a Star!!
Recs
zientsa
(54.00)
Submitted: 7/13/2010 4:09:28 PM :
Start Price:
$4.18
AACC Score:
+6.14
Very undervalued. Recently got extended credit line. Good environment for the business.
Recs
CranDan
(61.02)
Submitted: 3/12/2010 12:59:43 PM :
Start Price:
$6.08
AACC Score:
+35.41
They are still struggling with managing portfolios purchased at high prices and subsequent portfolio impairments. Poor EPS will continue for next 1-2 years and stock should underperform as a result.
Recs
HARTLESS63
(90.68)
Submitted: 7/24/2009 2:53:01 PM :
Start Price:
$8.47
AACC Score:
-92.69
I'm betting that my neighbors will be defaulting on loans. This will create increased opportunities and revenues for AACC who collects on debt that others have written off.
Recs
AAAAmanda
(39.51)
Submitted: 2/2/2009 2:37:12 PM :
Start Price:
$4.32
AACC Score:
-53.48
4.9364 shares at $101.00 or $20.46 a share. Has since tanked like an SOB.
Recs
BearTrend
(99.53)
Submitted: 9/24/2008 4:26:16 PM :
Start Price:
$11.64
AACC Score:
-86.26
Profit from the unfortunate. nothing wrong with that!
Recs
Recs
sahzies
(< 20)
Submitted: 5/22/2008 5:11:20 PM :
Start Price:
$14.10
AACC Score:
-77.48
America is a nation of deadbeats. Maybe some foreign nations will hire them to collect on the national debt. Won't that be something?
Recs
BFCDS0805
(80.73)
Submitted: 2/20/2008 11:24:39 AM :
Start Price:
$10.31
AACC Score:
-64.95
we like you food and you have a cool comercial
Recs
Imperial1964
(97.87)
Submitted: 2/13/2008 5:03:34 PM :
Start Price:
$9.98
AACC Score:
-60.50
Debt collectors are way oversold.
Recs
godsmacks1
(< 20)
Submitted: 12/28/2007 2:29:33 PM :
Start Price:
$10.63
AACC Score:
+55.42
credit card service
Recs
stulackd
(< 20)
Submitted: 12/17/2007 1:49:38 PM :
Start Price:
$10.45
AACC Score:
-56.62
Bad credit. No problem.
Recs
Razzamattaz
(< 20)
Submitted: 11/25/2007 9:55:33 AM :
Start Price:
$11.04
AACC Score:
-60.95
Will collect much money due to subprime casulties, awash in cash
Recs
Brianhunt100
(< 20)
Submitted: 9/22/2007 12:05:20 AM :
Start Price:
$11.09
AACC Score:
-54.87
Recently this stock lost 1/2 it's value over the perception that it's at risk of loosing control of the debt it purchases. It seams to me that a lot of bargains for cheap high quality debt are available. The next year may look rocky, but it should pay off.
Recs
chitownjester
(96.08)
Submitted: 9/20/2007 5:22:18 PM :
Start Price:
$10.94
AACC Score:
-53.83
Too cheap.
Recs
swimbo
(< 20)
Submitted: 7/30/2007 6:48:51 PM :
Start Price:
$14.20
AACC Score:
-71.71
Picks out only high quality debt and, above all, understands that it's job is to give back to the shareholders vice "diworsify" or buy growth.
Recs
FoolishLav
(40.05)
Submitted: 7/10/2007 5:40:42 PM :
Start Price:
$14.86
AACC Score:
-71.88
this is a company on the rebound, in a sector that is on the rebound. The management bears watching, unproven, but are making encouraging moves.
Recs
mzaccheo
(27.79)
Submitted: 6/20/2007 4:20:59 PM :
Start Price:
$14.54
AACC Score:
-70.64
Has recently lost ground, but with the dividend coming up and the trend of rising consumer debt, I like this one!
Recs
fredaz
(< 20)
Submitted: 5/22/2007 3:25:08 PM :
Start Price:
$16.07
AACC Score:
-74.22
People will continue to get deeper in debt for the forseeable future and default is evident at the first real economy slow down.
Recs
NetscribeFinServ
(< 20)
Submitted: 2/19/2007 3:20:31 AM :
Start Price:
$13.33
AACC Score:
+71.90
Asset Acceptance purchases charged-off debt from credit issuers, consumer finance companies, retail merchants, telecommunications and other utility providers and is committed to recovering the amount owed, even if it takes several years. On average, the Company has been able to collect more than three times the amount paid for a portfolio.
Organizing itself into four departments as collection, legal, bankruptcy and probate recovery it has improved its hiring and compensation strategies to increase the productivity. Cash collections were marginally up 3.5% at $80.9 million and except good collection in the first and second quarter of 2007 owing to the consumers receiving tax refunds. An investment to the tune of $27.6 million in the recent quarter had been spent to purchase debt portfolio with $23.1 and $4.5 million in traditional and non-traditional portfolio respectively.
The performance of the company was not satisfactory as total revenues were down 7.6% at $59.2 million. Purchased receivable revenues were reduced by 6.6% due to lower expected returns from purchase made since 2004 and net impairments charges. The increase in collection expenses was primarily due to legal expenses.
The recent purchasing environment remains highly competitive characterized by elevated portfolio pricing. The conservative practice of the management focusing on
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