BNET Industries
Market Cap:$659.0M
Last Fiscal Year Sales:$263.2M
- Public
- US
Dow Jones Description
PRA began operations in 1996 and has been a public company since November 2002. Since our initial public offering, we have invested approximately $1 billion in portfolio purchases and our portfolio of purchased consumer debt has increased from $5.1 billion to over $35 billion in face value. We employ over 1,800 people in offices from coast to coast. PRA operates businesses that focus on the following: Debt Purchase: We acquire portfolios of charged-off and bankrupt consumer debt at a discount and seek to collect a multiple of our purchase price over the economic life of a portfolio. Skip Location: We locate collateral and coordinate asset recovery for auto loan issuers and servicers. Government Revenue Administration: For municipalities, we identify and recover sources of revenue, assist with the collection of unpaid debts, conduct taxpayer auditing, and offer complete turn-key, outsourced tax administration. Portfolio Recovery Associates, Inc. common stock is traded on The NASDAQ Global Stock Market under the ticker symbol a PRAAa ?. PRA was a founding member of the American Asset Buyers Association, and is currently a member of ACA International, DBA International, and numerous Chambers of Commerce.
Number of Employees 2,032
Peer Companies
NAICS Code Collection Agencies: 561440
Recent Events
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Lawsuit Filed Against Portfolio Recovery Regarding Unfair Arbitrations
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Settlements top $1 million in debt-collection lawsuit
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Riding the Wave of a Wrecked Financial System
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Portfolio Recovery Associates Reports Second Quarter 2009 Results
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Collection Agencies Call Up Revenue in Recession
News & Analysis
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Portfolio Recovery Associates, Inc. Q3 2009 Earnings Call Transcript
Seeking Alpha
- 2009-10-30
Question-and-Answer SessionOperator Operator instructions Your first question comes from the line of Bill Carcache with Fox-Pitt. Bill Carcache – Fox-Pitt Kelton Good evening. First question I guess is given with your greater emphasis on legal collections, how do you think about the impact on your expenses and how should...
Portfolio Recovery Associates, Inc. Q1 2009 Earnings Call Transcript
Seeking Alpha
- 2009-04-29
Question-and-Answer Session Operator Operator Instructions Your first question comes from Bill Carcache - Fox-Pitt Kelton. Bill Carcache - Fox-Pitt Kelton Can you talk about how much of the sequential decline in commission revenues was driven by seasonality given the seasonal boost last quarter versus just weaker performance potentially...
Portfolio Recovery Associates, Inc. Q4 2008 Earnings Call Transcript
Seeking Alpha
- 2009-02-12
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Robert Napoli – Piper Jaffray Robert Napoli – Piper Jaffray It's very difficult to track the as you talk about the different pools, remind me how many different pools will you generally have in a...
Portfolio Recovery Associates, Inc. Q3 2008 Earnings Call Transcript
Seeking Alpha
- 2008-11-03
Question-and-Answer Session Operator Operator Instructions Our first question comes from David Scharf – JMP Securities. David Scharf – JMP Securities Steve, I wanted to start off with a familiar topic, obviously this is kind of five quarters in a row now of material allowance charges. I know...
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