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
Positioned to take advantage of the increasing amount of bad debt, this company should continue to see strong growth in the years ahead.
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I found this in the same screen that picked up PRAA. There reputation is less, but the vaulation is higher.
No debt, good business plan, good valuation. Making lots of money.
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Little turned off by the apparent employee unhappiness and questionable management, but it still seems undervalued and should out preform over the next few years.
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Good company, very low P/E ration for the group.
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Considering the fact that every family member, friend, acquaintance ect. I know is in debt I think this company is set up in a "great" growth industry . It also helps that most of the people I know seem to think that saving = throwing money away and charging = great new toy to outdo other friends new toy. Good company but a bad and necessary business.
Recs
Debt continues to grow for many Americans and this company should be around to collect on it. They buy debt from credit cards, car payments, student loans, etc. I like this as a long term play.
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Similar to my PRAA pick, I like the debt collecting industry if they don't overspend for debt and I think AACC has been overly punished for a few bad decisions. Should recover nicely.
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It seems these companies will do well given the trends of the economy. Hold for 12-24 months.........
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Current price reflects deep discount for one time charges. Expect price recovery with normalized earnings in future quarters.
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