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22.0¢ collection house limited

buying CLH at $1.635, page-79

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DSD

15,757 Posts.

18/02/16

10:29

Post #: 17050554
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Originally posted by jaiyou ↑

Fair question. However this will hurt those most that have paid higher prices for that debt when times were better. As debt becomes more abundant I presume debt collectors can be pickier about whose debt they take on provided they haven't over committed themselves when all was fine. Diversification is also important. Being well set up to service different areas relating to financial hardship to take advantage of the best opportunities.

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I 100% support CLH's decision not to chase debt and pay too much. Afterall, the profit is always in the purchase. Is debt going to disappear? LOL... its going to explode. ATO contract will be the key imo. Wish it had started sooner. Could become a substantial part of the business.

CLH Price at posting: $1.42 Sentiment: Hold Disclosure: Held
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0 Great analysis

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