Portfolio Recovery Associates, Inc. (PRAA)

http://www.fool.com/investing/high-growth/2009/11/09/our-supercomputer-loves-these-stocks.aspx

TMF Pick of the day

I'm betting that my neighbors will be defaulting on loans, this will create increased opportunities and revenues for Portfolio Recovery Assoc. who collect on debt that others have written off.

PEG = 0.94

Not only do I like the fact that both good and bad economies provide the company with opportunities, but I also appreciate the experience that the company has with collecting hard-to-collect debt. In today's environment it seems that having that expertise is more important than ever.

http://www.fool.com/investing/small-cap/2009/05/20/7-highly-rated-stocks-on-sale.aspx

This company is well positioned to take advantage of our debtors culture by buying up the best debits and collecting on them.

52 week low and they are the elephant in the bad debt business. Maybe President Obama should hand the bail out to them, since their track record of collecting is so stellar. This stock has room to grow by leaps and bounds. Look at the balance sheet, they are still making great ROA and cash on the balance sheet, even in a down economy this company is run well and profitable.

LTD/Equity is a bit high. I suspect bad credit will increase at greater rate than normal d/t US and worldwide economic conditions. I suspect this company will have a more difficult time collecting on bad debts.
Great stock, but I wouldn't be surprised to see it in the mid-teens in coming months.

I like the fundamentals of this company and it seems that their target audience is bigger than ever right now. As a value junkie that I am, seeing this solid company at the 52-week low, I'm ready to get in at a very nice price.

Call me an optimist, which unfortunately makes me a bad investor, but I think the worst of it is past for this company and now that it's at the 52-week low, I'm ready to get in at a very nice price.

Hi, buying another third of this best in class debt collector.

Here is what I wrote when i bought my second third:

PRAA is a great company and leader in its field of debt collection. Very solid leadership. It is very disciplined in the debt it 'buys' and continues to evolve in its ability to get a better return on its investment. Heavy buying the previous year has somewhat left this stock flat for a while but it is now poised to realize the benefits of it discipline and continuous improvement. Not a short burner but a long range grower and market beater.

Lots of bad debt out there and this company is very good at picking out the cream of the bad.

its all in the reading

The next couple of years will keep this company busy

Huge amount of US Debit where these guys play and is their sweet spot. Good prospect for short (6+ Months) timeframe.

a1

people are in debit up to their ears.....

There is quite a large amount of debt floating around. This company makes money on other peoples bad decisions.

great stock