BNET Industries
Market Cap:$732.7M
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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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. - All News and Analysis
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...
Portfolio Recovery Associates: Apropo of Bailouts
Seeking Alpha
- 2008-10-02
Trader Mark submits: With my views on the economic drop being much deeper and longer than most, I am beginning a stake in Portfolio Recovery Associates PRAA, which is essentially a debt collection company - they buy debts gone bad from other companies for a cheap price and then try...
Portfolio Recovery Associates Q2 2008 Earnings Call Transcript
Seeking Alpha
- 2008-07-29
Question-and-Answer Session Operator Operator instructions Your first question comes from the line of Bob Napoli from Piper Jaffray. Please proceed. Bob Napoli – Piper Jaffray Question on the impairments in trying to forecast impairments. You didn’t have any impairments from 05 and we’ve been most concerned about...
Portfolio Recovery Associates Q1 2008 Earnings Call Transcript
Seeking Alpha
- 2008-04-29
Question-and-Answer Session Operator Ladies and gentlemen, Operator instructions Our first question comes from the line of Bob Napoli from Piper Jaffray. Please proceed. Bob Napoli – Piper Jaffray I was hoping to dig in a little bit more on the allowance that you guys took in the...
Portfolio Recovery Associates Q4 2007 Earnings Call Transcript
Seeking Alpha
- 2008-02-25
Question-and-Answer Session Operator Operator Instructions Please hold for your first question. Your first question comes from the line of Bob Napoli with Piper Jaffray. Please proceed. Bob Napoli – Piper Jaffray Lots of questions I will just ask one or two...
Portfolio Recovery Associates Q3 2007 Earnings Call Transcript
Seeking Alpha
- 2007-10-29
Question-and-Answer SessionOperator Thank you. Operator instructions You have a question from the line of Robert Napoli. Please proceed. Robert Napoli Thank you. Good afternoon. Kevin, question for you, though Kevin probably, I guess on the charges that you talked in the quarter, and what kind of confidence do you...
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