Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

PRA Is Great, But Expectations May Be Greater Still

I don't like talking smack about the stock of good companies, and I like it even less when it's a stock that has been exceptionally strong for me as an investor. Even so, while I have relatively few worries about the quality of Portfolio Recovery Associates' (NASDAQ:PRAA) business, I'm a little more concerned that sell-side analysts and investors are getting too eager to bid up PRA's potential.

Another Beat, But A Little Closer This Time

PRA delivered another strong quarterly result, but the beat wasn't quite as strong as it has been in some quarters. It is certainly true that "you're not beating by as much" is a high-class sort of problem, but it's the sort of...

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