IMO some pluses to be drawn from this update - lower pricing of PDLs means bigger difference between funding costs and interest received from debtors - record liquidations means faster turnover of funds which means more ability to buy and increase level of PDL purchasing - still looking for cheaper funding source - higher credit level PDLs from original sources still available to purchase - rejecting lower level credit business to minimise losses - high customer satisfaction rating. That to me indicates Keith John is managing to continue to keep his balance on the tightrope. Those holders who have kept faith have made some headway with the SP already and you deserve this for taking the risk - I hope that the company can manage its way through the coming Govt stimulus reductions which will be the next hurdle to cross for the whole of the finance industry - not just PNC. I am still watching - still far too early for me to get back in. GLTAH
PNC Price at posting:
51.5¢ Sentiment: None Disclosure: Not Held
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