$Encore Capital(ECPG)$ ECPG: accumulate some additional positions on ECPG on Fri. Broke down the accumulation to few tranches as I have some cash vouchers to use up and I'm not af full position size yet. Contrarian trade to hedge against downside. ECPG is a small cap financial buying bad debt from credit card companies and banks Non performing loans and then make a profit by recovering those debts. Betting small hedge if US economy worsen, the consumer market which is notories for low savings rate and overspending tends to shows the earliest cracks and NPL will rise, therefore benefiting businesses like ECPG.
ECPG
06-14 01:10
USEncore Capital
SidePrice | FilledRealized P&L
Buy
Open
38.41
13
+41.95%
Holding
Encore Capital

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  • DeltaDrift
    ·06-19
    Given ECPG’s business model of buying and recovering bad debt, it stands to benefit from such economic conditions[OK]
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  • WebbBart
    ·06-19
    Smart move on the tranches! [Smart]
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