tga is better than portrayed, page-9

Yes Noomxx, I have considered all the negatives that you mentioned, and I agree that getting into debt collecting could be to open up an additional line of business to which TGA can devote its core strengths - a) managing cash-strapped debtors; b) having solid streams of cash gushing in; and c) having a solid balance sheet.

Debt collecting is one of those odious occupations at which few aspire to be excellent, and hence it commands a superior return relative to the more genteel arts. This is TGA's core competence, and I believe that TGA's management would not have to be too astute to find additional ways to attract more debt (read income streams). To proffer one idea - Warren Buffet's firm owns a finance company that uses caravans (trailers in North American vernacular) as the vehicle to generate payment streams.

Anyhow, the next Annual Report should give us investors material to study in order to get an idea of what the future holds.