Encore Capital Group Inc is traded at NasdaqGS. Encore Capital Group Inc is a part of the Credit Services industry, inside the Financial sector, it has 1,000 full time employees. The average volume of Encore Capital Group Inc is: 134,758. It has a market cap of 165.92M, It's last calculated p/e is: 7.21 and it's Earn-Per-Share is (EPS): 1.00. In the last 52 weeks, it's lowest price was: 5.89, it's highest price was: 14.19. This company's biggest competitors are: JPMorgan Chase & Co, Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Inc., , Deutsche Bank AG.
How does theBoard habitually appear to support truly incredible bonuses to the 'executiveTeam' when the supply worth under their administration is either underneath par or moves'up' mainly founded on commerce moves versus business specifics?
float and o/s v. diluted shares... n/a
It is outIn the open.In early 2002 they traded favoured supply convertible into widespread at a ratioOf 10 widespread portions for every favoured share. The favoured portions were acquired by the company's primary investors. This equatesTo an added 10 million portions of dilution. They required the capital to augment and weren't going toGet it from any place else. The company's primary investors encompass Triarc and ConsolidatedPress (anAussie company). Between these 2 businesses I believe round 75% of the company'sOwnership is joined up. It's hardTo number out what thePublic ride high is because theOwnership percentagesIn the proxy declaration contemplate beneficial ownership of portions comprised by the favoured. Nevertheless, there isNot a gigantic ride high on this. PriorTo the favoured issuance the primary proprietors belongs to over 50% ofThe supply. If the spectacular widespread is 7.4 million portions, this proposes that round 3.5 million portions are belongs to by other ones. But these other ones encompass agents and controllers decreasing the ride high even farther -- to perhaps round 2 million shares?Just guessing...
Astonishingly cheap n/a
They mail those profits, and 15k portions trade in theFirst hour?This would be bargain at two times the present cost (still swapping at a significant discount to PRAA, asAn example).
interesting read (part I) n/a
FTC Asks Court toHalt Illegal CAMCO OperationCompany Uses Threats, Lies,And Intimidation toCollect “Debts” Consumers DoNot OweIn the face of moreThan 2,000 buyer accusations, the FTC has inquired a U.S. DistrictCourt to alignment a stop to the harassing, threatening, deceptive, and illicit ‘debt collection’ practices ofCapital Acquisitions &Management (CAMCO). At theAgency’s demand, the court has iced the assets ofThe business and its principalsAnd nominated a receiver toOversee the business notes and assets, pending trial.The FTC will search a enduring stop to the illicit risks and lies the defendantsUse to try to assemble “time-barred” liabilities – liabilities so vintage that they are after the statute ofLimitations, and will not emerge on borrowing accounts – and liabilities buyers not ever acquired and did not owe.In March 2004, theFTC ascribed that CAMCO, RMFinancial, andTheir principals were intimidating and harassing thousandsOf buyers to get themTo pay vintage, unenforceable liabilities or liabilities they did notOwe. The bureau supposed that their abusiveAnd deceptive assemblage practices contravened government regulation, encompassing the Fair Debt CollectionPractices Act. The businesses and persons paid a $300,000 municipal punishment to resolve the FTC allegations, and were banned from engaging in abusive,Deceptive, and illicit assemblage practices in the future.In the 8 months since that town, the FTC has obtained more than 2,000 buyer accusations about CAMCO’s illicit methods – 3 times more thanThe bureau obtained in the 2 years before the town.In papers filed with theCourt, the bureau ascribed that as muchAs 80 per hundred of the cash CAMCO assembles arrives from buyers who not ever was obliged the initial liability in the firstPlace. Many buyers pay the cash to get CAMCOTo halt intimidating and harassing them, theirFamilies, their associates, and their co-workers.According to the FTC,CAMCO buys vintage liability registers that often comprise no documentation aboutThe initial liability and in numerous situations no Social Security NumberFor the initial debtor. CAMCO makes effortsTo find persons with the identical title in the identical geographic locality and endeavours to assemble the liability from them – if or not theyAre the genuine debtor. In papersFiled with theCourt, the FTC allegesThat CAMCO agencies notified buyers – even buyers who not ever was obliged the cash – that theyWere lawfully obligated to pay.They notified buyers that if theyDid not pay,CAMCO could have them apprehended and imprisoned, grab their house, garnish their salaries, and wreck their borrowing. All of those risks were untrue, as stated by the FTC.According to the FTC,Grossly abusive demeanour, encompassing yelling and profanity, areCommonplace methods with CAMCO. Collectors notified consumers:We’re “going to houndYou ‘tilThe day you die;”We will “continue to search you;” and“We’ll get you one wayOr another.”
Insiders Dumping Hard n/a
Check it outAt secform4.com. Three 10% proprietors trading nearly 95,000 portions on 6-24-2005 atAn avg.Pps of $17.75. Wooah, certain thing incorrect here, or just wholesome earnings taking?
Understanding debt collection companies n/a
So they purchase this liability from other organisations for pennies onThe dollar, assemble more than theyPaid, and develop a profit. But doesThe portfolio to assemble from ever run out?Does the company's earnings stream count on a unchanging stream of agreements to buy debts? I.e. doThey certainly have to make agreements or the earnings stream dries-out up?
Stock behavior-something happening n/a
There is no inquiry that we are close to a foremost event--Tom Brown understands what is occurrence and he forecast a buyout beforeThe end ofThe year...the market is indicating that certain thing important is going to occur soon. Board
ecpg out of the closet n/a
This business has very good management. They are skilled in this enterprise and have effectively endured a very uneven twosome of years. The keyTo the enterprise is the proficiency to come by a stable flow of new paper.They had adversities with their funding causes a couple of years before but appear to have overwhelm it. Most haveLeft this enterprise departing it broad open to the couple of residual players with get access to to capital. ECPG hasA very persevering capital colleague with deep pockets. The cost of new paperHas been appealing, but as ECPG augments its portfolio theyHave been needed to pay more.Still, comes back stay appealing and profits have been enhancedBy someNonrecurring factors: (i) issue of valuation allowanceOn deferred levy asset, (ii) come back to full interest accrualAccounting (certain portfolios hadBeen on cost recovery) and(iii) a large-scale litigation settlement. EvenFactoring these pieces out, the last 3 quarters display solid development in centre pretax earnings: Q3/2002 -$2,648, Q4/2002 -$4,150 and Q1/2003 -$6,322. The development in centre profits has been happening at a more fast rate than the development in the portfolio. CollectionsHave been growing gradually as well, affirming the value of the profits. Collections as a percentageOf the portfolioBalance are high, whichRaises anxieties considering their proficiency to restore their paper at appealing charge and, afresh, you can glimpse they are havingTo payMore for newer purchases. Although they acquired $.44 in Q1, moreThan half of thisCame from the litigation settlement.This quarter's broadcast will be telling.These friends have arrive very far. To anticipate the development they've accomplished throughout the turnaound time span to extend is unrealistic. I'm conceiving they can complete the year inThe variety of $1.10 to$1.15, but recall that $.23 ofThat isNonrecurring (giving you centre eps of $.87To $.92Or a p/e of round 15x -- proposing that we're attractive much completely priced). I mayNeed to tossAll this out afterQ2 strikes the street...
ECPG vs outsourcing firms like ASFI n/a
Would any person care to contrast ECPG versus businesses like ASFI (asta financing)That outsource their liability assemblage to 3rd partiesAnd areOnly in the enterprise of lifting capital for portfolios?
Why the Fall? n/a
I'm new to ECPGAs well asAACC and PRAA. TheyHave a large enterprise form general, particularly in these timesOf high debt.But was wanting somebody would enlighten meOn the drop after profits and a general downTrend? Thanks!