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For anyone that's interested I think the article was called...

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jaiyou

242 Posts.

18/02/16

08:44

Post #: 17049114
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Originally posted by jaiyou ↑

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.

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For anyone that's interested I think the article was called "Cherishing Companies that Love Tough Times". Interesting read and looks like it was only published last August. More recent than I thought.

CLH Price at posting: $1.48 Sentiment: None Disclosure: Held
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