Amazing, page-48

I actually prefer CLH for their move with Balbec; I dont know for sure but it seems like CLH management is trying to open up lower risk revenue streams (compared with pdl purchasing) so that they are more resilient if the econony goes into a recession. No doubt that debt collection would get harder in a recesion but I actually think CLH will be the most resilient of the three listed debt collection agency's. I disagree that their balance shhet is stretched, even if you halve the pdl collection amount in current assets they still have eadily sufficient capacity to meet their obligations. The only situation where theyd get into trouble is 1. If they started increasing debt too much or 2. The economy was so bad that the new normal for how much cash they get back ftom pdl collections fell to about 25% of current levels.
interested in knowing what stocks you like atm though