Recoveries improved by 5% in Oct. 1% is the average for the whole quarter, but they of course won't have improvements from day 1 of the quarter. That's why the average is skewed. The next quarterly should show an increased average to at least 5% or more if they sustain the improvements.
On the investor call which just ended, they seemed optimistic that the recoveries will be at least sustained if not improved throughout next quarter, so I'm optimistic.
Ann: September Quarterly Report and Investor Call, page-60
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