I had the same thought about CCP. I think it will be interesting...

I had the same thought about CCP. I think it will be interesting to see who fairs better in a downturn. I read an interesting article by Chris Joye in the afr a year or more ago. He made the point that it was important for debt collection companies not to splurge too much in the good times so that they can take full advantage when debt levels rise, getting a better return on capital deployed and I assume with less risk owing to better prices. With that in mind I bought clh but not ccp. Time will tell if that's a good or a bad call. Hopefully though they both do okay long term.