Asset Acceptance (aacc) Stock Research
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Company Description: Asset Acceptance Capital Corp. buys and collects defaulted or charged-off accounts receivable portfolios. It purchases these AR portfolios from American consumer credit originators such as credit card issuers, consumer finance companies, healthcare providers, utility providers, telecommunications, retail merchants, and other resellers of consumer debt. In addition, Asset Acceptance Capital finances the selling of services medical receivables, as well as consumer product retailers. Update
Financial Industry Research & Analysis: The financial services industry includes companies whose sales come from the management of money for individuals and institutions. Financial services companies include banks, insurance companies, brokerage, wealth management, and credit card companies. Financial Trading Strategy: The financial industry is sensitive to economic cycles. However, financial service companies increase quickly out of recessions, because interest rates tend to be low. Look for undervalued financial investments during economic recessions when stock prices are low and sell financial investments during the late stages of a bull markets when stock prices are high. The global economy is currently in a recession, therefore, it is the perfect time to purchase financial investments. Upward sloping stock charts and financial news may indicate a selling opportunity while the opposite means that stocks are becoming undervalued.
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Strategy: Asset Acceptance has a narrow focus that serves a particular customer niche with either a unique product or with a low cost advantage over competitors. (read more). Competitive Advantages:
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