PRA Group: A Turnaround And A Hedge For An Economic Slowdown

Richard Drury In recent weeks the market has become more concerned about an economic slowdown and possible recession. Many are probably asking if there is a way to hedge their portfolio or even make money in that scenario. There are very few pure countercyclical companies out there. By countercyclical I mean companies that perform better in a declining economy and perform well in a recession. One of the most countercyclical companies is PRA Group (NASDAQ:PRAA) along with its peer Encore Capital (ECPG). This ...