Investors are betting against Portfolio Recovery Associates (PRAA), Should You?

Zacks Equity Research
February 24, 2014

Many investors appear to be quite bearish on Portfolio Recovery Associates, Inc. (PRAA), especially if you look at the percentage of the float that is sold short for this stock. Currently, 20.6% of the float is sold short, suggesting an extreme level of bearishness for PRAA.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on PRAA, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of PRAA to move higher in the weeks ahead.




PORTFOLIO RECOVERY ASSOC INC (PRAA): Free Stock Analysis Report


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