They have a "hybrid" model (both digital and traditional) that is used throughout the collection process. Meaning they can go through the process early on in the cycle through to when the debt goes bad. They have spent a lot of time developing their AI with clients to develop their offering which is early in the cycle but interests me.
I'm on both companies as I'm bearish on the economy and think we are about to head into a golden age for debt.
Was hoping CCP went below $16 last year to really load up, but missed the boat. Happy to be patient on this one as think 2023 will be tough, before rebounding next year.
Good luck all
CCP Price at posting:
$19.96 Sentiment: None Disclosure: Not Held
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