The Company purchases and collects defaulted or charged-off accounts receivable portfolios from consumer credit originators.
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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.
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.
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