BNET Industries
Portfolio Recovery Associates Inc. (PRAA) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $220.7M
- Profit
- Dec 31 2007
- $48.2M
- Market Cap
- Oct 09 2008
- $499.2M
Latest News and Analysis
Portfolio Recovery Associates: Apropo of Bailouts
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
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
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
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
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...
Additional Resources
Portfolio Recovery Associates Acquires Assets of Broussard Partners
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today announced that it has acquired theassets of Broussard Partners & Associates, Inc., which specializes inproviding audit services to local tax authorities in Louisiana....
Portfolio Recovery Associates Reports Second Quarter 2008 Results
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today reported net income of $11.4 million,or $0.75 per diluted share, for the quarter ended June 30, 2008. The Company's second-quarter 2008 profit represents...
2008 M&A Activity in the Debt Collection Industry on Target to Exceed 2007 Results Despite Overall Global Decline in M&A
ROCKVILLE, Md. -- The combined deal value of mergers and acquisitions in the debt collection / accounts receivable management ARM industry could exceed last year's US$1.65 billion, according to Kaulkin Ginsberg, the leading strategic advisor to the industry. Despite the fact that only five M&A transactions closed...
Portfolio Recovery Associates to Acquire MuniServices, Enhancing Presence in Government Sector
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today announced that it has entered into adefinitive agreement to acquire MuniServices, LLC, which specializes inrevenue enhancement for government clients. The purchase...
Portfolio Recovery Associates to Present at William Blair Growth Stock Conference
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a leading provider of outsourced receivables management, announcedtoday that Steve Fredrickson, CEO, and Kevin Stevenson, CFO, will be makinga presentation to the investment community at the William Blair GrowthStock Conference to be held in Chicago, IL on Wednesday, June 18, 2008.During the...
Portfolio Recovery Associates Exiting Third-Party Collections Business
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today announced that it will exit thebusiness of contingent fee third-party portfolio collections overseen byits Anchor Receivables Management unit. The Company will redeploy the...
Portfolio Recovery Associates Increases Bank Credit Line to $340 Million
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, announced today that it has expanded its bank creditline to $340 million. This represents an increase of $70 million from the Company's existing $270million bank...
Portfolio Recovery Associates Reports First Quarter 2008 Results
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today reported net income of $11.9 million,or $0.78 per diluted share, for the quarter ended March 31, 2008. The Company's first-quarter 2008 profit represents...
Portfolio Recovery Associates to Announce First Quarter 2008 Results on April 28, 2008
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, will announce its first quarter 2008 results on April28, 2008. The earnings announcement, which will be released after the market closes,will be followed at 5:30...
Portfolio Recovery Associates Reports Fourth Quarter and Full Year 2007 Results
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios ofdefaulted consumer receivables and provides a broad range of accountsreceivable management services, today reported net income of $10.7 million,or $0.70 per diluted share, for the quarter ended December 31, 2007. The Company's fourth quarter 2007 earnings...
Introduces Portfolio Recovery Associates to our Bluechips Portfolio.
M2 PRESSWIRE-12 February 2008-International Stock Targets: Introduces Portfolio Recovery Associates to our Bluechips PortfolioC1994-2008 M2 COMMUNICATIONS LTD RDATE:12022008 International Stock Targets is a world renowned independent research firm, based in Johannesburg, South Africa. Along with walking investors through...
Portfolio Recovery Associates to Announce Fourth Quarter and Full Year 2007 Results on February 21, 2008
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, will announce its fourth quarter and full year 2007results on February 21, 2008. The earnings announcement, which will be released after the market closes,will be...
Morning Investor Focus.
M2 PRESSWIRE-3 January 2008-Businessnetwire.us: Morning Investor FocusC1994-2008 M2 COMMUNICATIONS LTD RDATE:03012008 New York, NY -- BusinessNetWire's "Investor's Update" Focuses on the Following Companies: Carmanah Technologies Corporation (TSX: CMH); Orleans Energy Ltd. (TSX VENTURE: OEX); Aradigm...
Portfolio Recovery Associates Appoints Neal Stern as Chief Operations Officer - Owned Portfolios
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaultedconsumer receivables and provides a broad range of accounts receivablemanagement services, today announced the appointment of Neal Stern asSenior Vice President and Chief Operations Officer - Owned Portfolios. In this newly created position, Stern's responsibilities include...
Portfolio recovery thrives on bad news
Collecting bad debts from tapped-out consumers is hardly a glamorous way to make money. But it can be profitable. Portfolio Recovery Associates pays pennies on the dollar to buy accounts that credit-card companies, utilities, hospitals and other businesses have given up for dead. Its staff of 1,000...
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- Incorporated: 2002
- CEO: Mr. Steven D. Fredrickson
- Employees: 1,677
Portfolio Recovery Associates is a provider of outsourced receivables management and related services. Co.'s primary business is the purchase, collection and management of portfolios of defaulted consumer receivables, which are the unpaid obligations of individuals to credit originators that include banks, credit unions, consumer and auto finance companies and retail merchants. Through its various subsidiaries, Co. also provides a range of contingent and fee-based services, including collateral-location services for credit originators, fee-based collections as well as revenue administration, audit and debt discovery/recovery services for government entities.
Key Competitors
Portfolio Recovery Associates Inc. Company Info
Board of Directors
Mr. Steven D. Fredrickson
Chairman
Mr. William P. Brophey
Mrs. Penelope W. Kyle
Mr. David N. Roberts
Mr. Scott M. Tabakin
Mr. James M. Voss
Contact Information
120 Corporate Boulevard
Suite 100
Norfolk, VA
http://www.portfoliorecovery.com
888 772-7326
NAICS Code
Collection Agencies: 561440Brought to you by IBM
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