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Bought Some ECPG

|Includes: Encore Capital Group Inc (ECPG)

Bought some ECPG, most commonly seen as "Midland", today @ 42.07. Like PRAA, it is in Account Receivables Management--most commonly called debt collections. Nice valuations on both of these companies and they are in a good business. I see both of them frequently when I work on consumer legal issues.

Disclosure: The author is long ECPG, PRAA, RICK, T, VNM.