metal27

Portfolio Recovery Associates: Apropo of Bailouts

PRAA is well run, has a record of making money on the debt they buy. They also are reputed to be more humane in their collection efforts than most in the business. I owned the stock some years ago, sold because times were too good (hedge funds were buying debt at too high a price) but I may have to revisit it, do new DD, as anyone should.

The keys in this business are the price paid for the debt and the skill of the collection people--PRAA gets high marks in both categories from TMF, which has followed and recommended this stock for years.