These are the Encore Capital words that I had in mind when I wrote my earliwe post, "As the macro environment moves toward normalization, I’d like to highlight the unique nature of our business that provides a degree of resilience from year-to-year changes in portfolio sales or in consumer behavior. We collect on portfolios over the long term, often ten years or more after purchase and potentially stretching across economic and credit cycles. While a down economic cycle may lead to some slowing in debt repayments, it also leads to increases in charge-offs and portfolio sales. Alternatively, when the economy improves, many consumers look to resolve their debts thus leading to a catchup in collections over the portfolio’s life cycle."
CCP Price at posting:
$20.35 Sentiment: Hold Disclosure: Held
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