Top 5 Heal Care Companies For 2016

Top 5 Heal Care Companies For 2016: Portfolio Recovery Associates Inc.(PRAA)

Portfolio Recovery Associates, Inc., a financial and business service company, engages in the purchase, collection, and management of portfolios of defaulted consumer receivables. It detects, collects, and processes unpaid and normal-course accounts receivables owed primarily to credit grantors, governments, and retailers. The company also acquires receivables of Visa, MasterCard, and other credit cards; private label credit cards; installment loans; lines of credit; bankrupt accounts; deficiency balances of various types; legal judgments, and trade payables from various debt owners, including banks, credit unions, consumer finance companies, telecommunication providers, retailers, utilities, insurance companies, medical groups, hospitals, auto finance companies, and other debt buyers. In addition, it provides fee-based services, including vehicle location, skip tracing, and collateral recovery services for auto lenders, governments, and law enforcement; revenue administra tion, audit, and debt discovery/recovery services for local government entities; and class action claims recovery services and related payment processing services. The company was founded in 1996 and is headquartered in Norfolk, Virginia.

Advisors' Opinion:

• [By Rich Duprey]

  For the first time since going public in 2002, consumer debt purchasing specialist Portfolio Recovery Associates (NASDAQ: PRAA  ) announced today it is going to split its stock and will do so by a three-for-one ratio.

• [By Roberto Pedone]

  Portfolio Recovery Associates (PRAA) is engaged in the business of purchasing, managing and collecting portfolios of defaulted consumer receivables, as well as offering accounts receivable management and payment services. This stock closed up 3.8% to $54.53 in Monday's trading session.

   

  Monday's Volume: 629,000
  
  Three-Month Average Volume: 435,! 466
  
  Volume % Change: 50%

  From a technical perspective, PRAA jumped higher here and broke out above some near-term overhead resistance levels at $53 to $54.62 with above-average volume. This move also pushed shares of PRAA into new 52-week-high territory, which is bullish technical price action. If this breakout holds, then shares of PRAA could be setting up to trend significantly higher.

  Traders should now look for long-biased trades in PRAA as long as it's trending above Monday's low of $52.71 to $52 and then once it sustains a move or close above its new 52-week high at $54.93 with volume that hits near or above 435,466 shares. If we get that move soon, then PRAA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $60 to $65.

• [By Lawrence Meyers]

  The other good news is on pages 10, 11 and 15. Delinquencies are rising, as are collections. If debt balances increase, you would expect delinquencies to rise as well. That bodes well for the big-time players in debt collection, Portfolio Recovery Associates (PRAA) and Encore Capital Group (ECPG). Both just reported robust growth in collections, revenues, and net income. They’re also making large international acquisitions. I love both companies and think they’re are undervalued.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-5-heal-care-companies-for-2016.html