FWIW I hold PRAA on the NASDAQ and they just released a great FY result. Not sure how this relates to the Australian market but the CEO had this to say...
"Our fourth quarter results in 2013 contributed to our strongest year ever. As the global debt buying industry continues to evolve at a rapid pace, 2014 promises to be a year of extraordinary opportunity and challenge. PRA is well positioned to sustain itself as a dominant, global player," said Steve Fredrickson, chairman, president and chief executive officer, PRA."
and also PRA Agrees to Acquire Aktiv Kapital for $880 Million NORFOLK, Va., Feb. 19, 2014 (GLOBE NEWSWIRE) -- Portfolio Recovery Associates, Inc. (PRAA), a financial and business services company operating in the U.S. and U.K., has agreed to acquire Aktiv Kapital AS, a Norway-based company specializing in the acquisition and servicing of non-performing consumer loans throughout Europe and in Canada.
This only serves as information of the debt buying industry as a whole and not as a recommendation on CLH.
discl. longterm CLH holder
CLH Price at posting:
$1.95 Sentiment: LT Buy Disclosure: Held