QUOTE AND NEWS
Benzinga  Apr 9  Comment 
Below are the top business services stocks on the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Cass Information Systems (NASDAQ: CASS) is 80.00%. Cass Information's ROE for the same period is 13.40%. The...
SeekingAlpha  Feb 21  Comment 
By Stephen Simpson, CFA: Holding Portfolio Recovery Associates (PRAA) hasn't been particularly rewarding over the past few months, even though PRA remains the best-run receivables collection company out there. The stock enjoyed a good run as the...
TheStreet.com  Feb 20  Comment 
NEW YORK (TheStreet) -- Portfolio Recovery Associates  was surging 15% to $58.17 on Thursdayg after the financial and businesses services company reported fourth-quarter earnings that surpassed analysts' expectations. Portfolio Recovery...
StreetInsider.com  Feb 20  Comment 
* Facebook (Nasdaq: FB) announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately...
Benzinga  Feb 20  Comment 
Tesla Motors (NASDAQ: TSLA) surged 11.95% to $216.78 in the pre-market session after the company reported better-than-expected fourth-quarter results. Raptor Pharmaceuticals (NASDAQ: RPTP) soared 11.93% to $16.70 in the pre-market trading after...
SeekingAlpha  Feb 20  Comment 
Portfolio Recovery Associates, Inc. (PRAA) Q4 2013 Earnings Conference Call February 19, 2014 05:00 PM ET Executives Steve Fredrickson - President, Chairman, and CEO Kevin Stevenson - EVP, CF&AO, Treasurer and Assistant Secretary ...
SeekingAlpha  Jan 28  Comment 
By Ashleigh Rogers: There are relatively few businesses that truly thrive in lackluster economies. Most the counter-cyclical businesses that people cite, grocery stores, alcohol manufacturers, and payday loan stores, are more recession resistant...
StreetInsider.com  Oct 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Portfolio+Recovery+Associates+%28PRAA%29+Tops+Q3+EPS+by+6c/8827691.html for the full story.
StreetInsider.com  Aug 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Sidoti+Upgrades+Portfolio+Recovery+Associates+%28PRAA%29+to+Buy/8591214.html for the full story.




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Portfolio Recovery Associates, Inc. (PRAA) is a full-service provider of outsourced receivables management. Incorporated in 1996, PRAA went public in 2002, and has become a major player in the outsourced accounts receivable collection market. PRAA purchases, manages, and collects defaulted consumer receivables from credit originators, such as banks, credit unions, auto finance companies, retail merchants, and other service providers. The defaulted consumer receivables it collects are either purchased from a credit originator (owned receivables) or are collected on behalf of clients on a commission (contingency) basis. The company provides a broad range of collection services, including revenue administration for government entities through its RDS business, collateral-location services for credit originators via IGS Nevada, and fee-based collections through Anchor Receivables Management. PRAA services receivables on behalf of clients on either a commission or transaction fee basis.

A majority of revenue (87% in 2006 and 91% in 2005) is earned on the recovery of purchased receivables. PRAA employs a large number of collectors (more than 900), focused on recovering these receivables. When this is not effective, its legal department oversees a number of independent law firms, working on a contingency basis, to file lawsuits to recover the debt. PRAA employs a disciplined pricing strategy when bidding for charged-off portfolios, aiming for a reasonable internal rate of return (IRR) regardless of the type of paper being purchased.

Acquisitions have also played a role in PRAA's growth. PRAA acquired IGS Nevada (a privately held company specializing in asset-location services, known as skip-tracing, to auto lenders) in October 2004 and Alatax (a privately held company specializing in government collections) in July 2005. As of September 30, 2007, PRAA had finance receivables of $326.5 million, common equity of $223.2 million, cash of $14.5 million, and total debt of $100.1 million.




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