On just one point, similar companies overseas like Encore Capital and Intrum are comfortable with relatively high debt.
As an aside Encore presented its Q2 (April-June) 2021 today, and Intrum last week. Intrum's published report is at https://www.intrum.com/media/12207/iab_q2_21_eng.pdf. Everything is moving along swimmingly it seems.
The PDL business is called Portfolio Investment, and it accounts for about half of the total business. The language and acronyms may be off-putting, but the glossary at the back is fairly good, so if you see something like RTM, it will inform you that it means rolling twelve months. Last year I found that Intrum provided a better feel for the impact of Covid than CCP did, partly because they report quarterly, and promptly.
CCP Price at posting:
$29.45 Sentiment: Hold Disclosure: Not Held
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