I'm reading Barron's right now and Stephanie Pomboy got a mention from Alan Abelson. She is a buyer of stocks that specialize in repossession. There are three mentioned; Encore Capital (ticker: ECPG), Portfolio Recovery Associates (PRAA) and Asta Funding (ASFI.)
The idea is that many adjustable rate mortgages will be moving higher and Ms. Pomboy says a lot of sub prime borrowers will be hurt. The idea is interesting. I don't know anything about these stocks but I listen to what Ms. Pomboy has to say.
Proud Member Of
Random Roger
© 2009 | Gadget Theme Blogger Template
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
2 comments:
Be careful. Check out AACC's quarter today.
yep they all blew up today. As I say I don't know these but the idea is interesting
Post a Comment