With its major competitors in trouble, thanks in part to the...

With its major competitors in trouble, thanks in part to the dysfunctional accounting policy available to to boost profits early at the expense of the longer term, CCP can afford to be very selective, and only buy quality PDLs. I think there will be enough quality PDLs to be had without scraping the barrel. Let the competitors have the lower quality debt.

One of the banks, I cannot remember which one, but it was not one of the Big 4, had stated last year that they do deal with CLH, because of its practice then to file bankruptcy orders with gay abandon. I am unsure if this is still the case.