Seeking Alpha wrote an article about how financing injury litigation is a riskier business strategy than what ASTA is has being doing. Does anyone who has expirence in the credit business have any insights they want to share regarding this shift in strategy by ASTA?
Both PRAA and ECPG have been making record profits the last 3 years buying distressed receivables so why can't Asta do the same thing. One thing these 2 public companies do different from Asta is collect their own debt and not rely on others like Asta. So why would Asta rely on these 2 guys running Pegasus? It looks like the same old thing only maybe riskier like the article stated.