Update on PRAA

For those of you who have done research on PRAA and like the company and are familiar with it's debt collection practices and find those practices ethical, now will be a good time to start buying.

Please do not just jump in at once like. We may be wrong about market direction, don't let over-confidence creep in.

I have looked at PRAA's financial statements, and I don't see signs that they prey on bankruptcy victims, (Scroll down and read previous post for better understanding) but make sure your conscience won't bug you every time you read about the company if you are going to buy it. That's something you know for yourself.
This is about making money, but I love to enjoy it too and not feel guilty doing it :)

Having said that, I do have to also let you know that at the current price of around $39/share, this is the cheapest I have seen PRAA based on various valuations.

Note too that debt collections may be harder for them going forward so it may take time for them to realize the full value of debts they buy now meaning, we may not see great news that propels the stock forward for a few months or longer.

Management is however showing faith in the business by buying huge amounts of debt and also believe the debts they are buying are much more fairly priced due to market and economic conditions. If they are right, shareholders will reap good returns down the line.

Going by what I see, I am comfortable holding some PRAA stock right now and buying more if it goes down.

Have fun.