I think that anyone taking advice based upon posters comments is...

I think that anyone taking advice based upon posters comments is really taking advice from a person with an agenda. If you are an investor that holds like I am then, in fact, you are wanting to see the merits of the company. If you are not an investor there are many reasons to suggest that it will go lower. Not the least of which is short selling. Since 28 Feb 500k shares extra have gone into short selling. That data was up to 12 March it's now 20 March. Reality would suggest that debt collectors would have a harder time collecting a debt. But as the announcement said they have $170 million in cash. They have indicated that they have seen no decline to date, I am assuming that as we are almost at the end of the month and that receipts should remain normal until end march. Thus assuming you keep everyone employed (illogical) and you only take out non-cash expenses ( Depreciation) and obviously don't have any increase in provision, then the annual cash cost of doing nothing it around $200 to $215 million. They would have generated around $28 million in the first quarter and have $170 million so they should survive for a year. I would bet that they have a lot of ways to mitigate expenses - remember the MD was the one that did that in the GFC. If you think that this is still going to be going on in a year then understand we are all toast because not even the government has that much ammunition. The issue here is that its a company that it's easy to see won't do well in the short term.

There has been a director who used to have many more shares and as a non-executive has been selling for a long time and in my opinion its good for the company as he held too many. Since October last year, he has sold 150,000. This was a company that survived a short-sellers attack as well. So really there is a chance of failure but it's in a vastly better position than it was in the GFC so let's deal in facts. Firstly I have not seen Wallet Wizard on TV for a few weeks so maybe they are more conservative in that. They are able to survive a lot and not one of the posters posting negative comments (with the exclusion of the chartist - and I respect that analysis - it may go there) has any factual basis to suggest they are in dire straits and in fact one is so confused as to call Collections house Customs House in his famous post. Really my view (read opinion) is that usc75 is a conspiracy theorist and look at his comment on 17 Feb on SPL where he wants to drag in CCP into an argument suggesting that ASIC fails to enforce the laws and that many ASSX stocks are manipulated by a bot trading process. I have tried to find a post on a stock he owns and as yet have not found one.

Is CCP a risky stock, well it operates at the end of town that is a bit grubby as its collecting debts that others have not succeeded to get. Are they going to suffer as a result of this crisis - yes. Will they survive - I think so - what I don't get is why they seem to be in the same basket as QAN. I don't think that debt collection and management actually is as bad as owning a travel business which is grounded.