Yeh from my memory economic downturns don't usually help this business. Bad and doubtful debts would definitely rise. I remember credit corp had a spike in doubtful debts during the gfc. Almost killed the company. However, economic downturns don't happen overnight and u would have plenty of time to get out before then. From the latest presentation they seem to have bad debts under control. This company looks very cheap at these
Prices.
