Odds are debt buying is an investment strategy you may not have heard of. The primary reason for this is that for the most part it has been reserved for the biggest names on Wall Street. Average investors have been boxed out of the market. Meanwhile companies like Portfolio Recovery Associate have been making a fortune with it.
Let’s take a look at some highlights from PRAA’s second quarter results:
- EPS $1.48 vs. $1.41 expected…up 30 percent from Q2 2010.
- Net income increased 31% to $25.6 Million…RECORD!
- Revenue increased 23% to $114.8 Million…RECORD!
- Cash collections grew 37% to $176.3 Million…RECORD!
“Portfolio Recovery Associates ended the first half of 2011 with yet another record quarter (emphasis mine), which saw strong growth in net income, earnings per share, revenues and cash collections,” said Steven D. Fredrickson, chairman, president and chief executive officer.
It you want extraordinary results you need to focus on investments that offer outsized returns AND seek to protect your capital. I founded Ropay Asset Investors to help individuals do just that.
Call us today and take control of your financial future!
Do Good and Make Money!