Search Results for "Asta Funding"

100%
(08/05/09) Debt Buyer Asta Funding Swings to Profit in Latest Quarter Debt purchaser and collector Asta completed $13.8 million of portfolio acquisitions with a face value of $335.6 million during the third quarter, compared to $2.7 million of acquisitions during the first six months of fiscal year 2009. The company recorded non-cash impairments of $6.4 million in the third quarter of fiscal year 2009, as ...

100%
(07/31/09) Asta Funding, Inc. to Report Third Quarter 2009 Results Press Release ENGLEWOOD CLIFFS, N.J. -- Asta Funding, Inc., a consumer receivable asset management and liquidation firm, will report its financial results for the third quarter ended June 30, 2009 on Tuesday, August 4, 2009. About Asta FundingBased in Englewood Cliffs, NJ, Asta Funding, Inc., is a leading consumer ...

100%
(07/13/09) Asta Funding, Inc. Announces Amendment to Revolving Credit Line Press Release ENGLEWOOD CLIFFS, N.J. -- Asta Funding, Inc. (NASDAQ:ASFI) , (the "Company") a leader in consumer receivable asset management and liquidation, today announced that the Company has secured an amendment to its revolving credit agreement that effective today, extends the ...

100%
(05/11/09) Debt Buyer Asta Funding Posts Quarterly Loss on Decline in Revenue Accounts receivable management firm Englewood Cliffs, N.J.-based Asta Funding, Inc. (Nasdaq: ASFI) recorded a net loss of $5.2 million, or $0.36 per share, compared to a net loss of $7.7 million in the same period in 2008. ” In the period ended March...

100%
(03/02/09) Asta Funding, Inc. Announces First Quarter Results Press Release ENGLEWOOD CLIFFS, N.J. -- Net cash collections from consumer receivables acquired for liquidation for the quarter ended December 31, 2008 totaled $42.0 million, including $5.8 million of net cash collections represented by account sales, as compared to $57.9...

100%
(03/12/07) Getting the Word Out on Portfolio Purchases We’ve seen a lot of debt purchasers trumpeting their portfolio purchases in the news lately. Since December, debt purchasers like Debt Resolve, TNB Card Services, Sagres, ACF Medical Services, First Financial Asset Management, Corstone Capital, and IEI Financial have release details of portfolio purchases. It was an extremely large medical portfolio that was not typical in the current debt purchasing market.

100% Branching Out: Debt Purchasing Firms Expand and Diversify
(03/13/06) Branching Out: Debt Purchasing Firms Expand and Diversify As the industry rapidly matures, major debt purchasing players have been diversifying their corporate interests, service offerings, and even portfolio purchases. Portfolio Recovery Associates (PRA), for example, purchased a skip tracing firm, IGS Nevada, in October of 2004. West Asset Management (WAM)

100% 2004 Not Just Another Year in the Collection Industry
(02/09/05) Off Shore BPO firm purchases leading third party agencyFor the first time, an India-based business process outsourcing (BPO) firm acquired a U.S. debt collection agency. Financial buyers are also closing dealsIn January 2004, Parthenon Capital, a private equity firm, led a $167 million recapitalization of Diversified Collection Services ...

100% Kaulkin Report 6th Edition - Chapter 11: M&A Outlook 
(04/15/05) Strategic and financial buyers as well as industry players will continue to initiate these transactions. Strategic Buyers Strategic buyers in the customer relationship management (CRM) and business process outsourcing (BPO) industries will continue to acquire ARM companies as these industries further converge. Financial Buyers Private equity firms will continue to acquire positions in ARM companies, whether these are made as ...

100% Global Debt Buying Report - Chapter 9: Telecommunications Receivables in the U.S. 
(03/15/06) Global Debt Buying Report - Telecommunications Receivables in the U.S. Especially among larger debt buying companies looking for diversified portfolios of distressed debt, delinquent telecommunications debt has become increasingly popular in recent years. Expected Returns of Credit Card and Telecom Paper Comparable The expected returns of companies purchasing and collecting telecommunications paper are generally comparable to the return expectations...

100% Global Debt Buying Report: Chapter 5: Resales in the U.S. Credit Card Market 
(03/15/06) Global Debt Buying Report - Resales in the U.S. Credit Card Market Debt buyers have widely differing perceptions of the role and benefits of the resale or secondary market to the debt buying market in general. In recent years, debt buyers have frequently become debt sellers at some point after acquiring a portfolio of delinquent debt. While the resale market does lack transparency, prominent debt buyers all note the increased importance of the resale market to the debt buying market in ...

100% Global Debt Buying Report - Chapter 2: Expected Returns in the U.S. Credit Card Market 
(03/15/06) Global Debt Buying Report - Expected Returns in the U.S. Credit Card Market Generalizations about expected returns in the debt buying market are challenging at any time, particularly given the broad diversity and lack of public disclosures throughout the market as a whole. Public Debt Buyers Increasing Market Visibility The various disclosure requirements of publicly traded debt buying companies have brought increased visibility to this mostly ...

100% Kaulkin Report 6th Edition - Chapter 2: Mergers & Acquisitions 
(12/13/06) Deal Terms Deal activity has increased with the prices paid for companies in the ARM industry. Types of Buyers Industry, strategic and financial buyers have targeted the ARM industry with varying levels of interest over the years. Strategic buyers recently acquiring ARM companies include: West Corp.</...