UPDATE: Portfolio Recovery Associates (PRAA)
If you read the previous blog on PRAA, then you'll be happy if you took my advice to excercise patience.
It's getting more of a discount built in now.
The stock is now trading at $45.37, compared to my fair value in the range of $55 - $58. That's about 15% discount. I usually want at least a 25% discount, so we'll see what offers Mr Market places before us in the next few days.
If you read the previous blog on PRAA, then you'll be happy if you took my advice to excercise patience.
It's getting more of a discount built in now.
The stock is now trading at $45.37, compared to my fair value in the range of $55 - $58. That's about 15% discount. I usually want at least a 25% discount, so we'll see what offers Mr Market places before us in the next few days.
posted by Shegun at
4:17 PM
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