PRA Group On A Long Road Back, But At Least It's Out Of The Ditch

It's been a while since I've updated my thoughts on PRA Group (NASDAQ:PRAA), and a lot has been going on at this underperforming debt collector in the meantime. When I last wrote about PRA, I thought the company was in for a rough 2023 ahead of better results in 2024 and 2025. As it turned out, "rough" didn't really cover it, and the company's 2023 results (and share price) were hammered by operational inefficiencies and poor collections performance. The shares are down about 40% since that last article, re ...