Motley Fool Picks Portfolio Recovery as Best Small Cap for 2007
by Patrick Lunsford, CollectionIndustry.com
Wall Street’s love affair with ARM stocks, specifically companies employing the debt purchasing model, got another boost last week when investing site Motley Fool named Portfolio Recovery Associates (NASDAQ: PRAA) as its top pick for small cap stocks in 2007.
The Motley Fool credited Portfolio Recovery’s strong business performance and management team as the major factors in what it considers will be another strong year for the debt purchasing heavyweight. Long a daring of the Motley Fool writers, Portfolio Recovery has improved its position by refusing to overpay for portfolios while containing costs by expanding into smaller labor markets, like the recent announcement (http://www.collectionindustry.com/item/20887) that the firm would open a new call center in Jackson, TN.
The article also factors in the recent surge in American consumer debt coupled with a sharp drop in personal savings.
Read the full article at Motley Fool Picks Portfolio Recovery as Best Small Cap for 2007.
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