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News Breaks
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February 12, 2012
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| 11:10 EDT |  | ECPG, PRAA, ASTI |
| theflyonthewall.com: | Portfolio Recovery's tax issues has ramifications for the group, Barron's says | | Portfolio Recovery Associates’ (PRAA) is battling the Internal Revenue Service in U.S. Tax Court over IRS notices of deficiencies for years 2005-2009. An IRS victory means Portfolio Recovery has overstated its earnings in those years and will potentially be on the hook to Uncle Sam for a good chunk of the $192M net deferred tax liability on its balance sheet. Barron's contends that an IRS win could slam the stock 10%-30%, and future profit growth could lose the earnings boost from deferred taxes. Rival Encore Capital Group (ECPG) doesn't use cost recovery for taxes; Asta Funding (ASTI) has done it to a lesser extent. http://online.barrons.com/article/SB50001424052748704444604577207142753609600.html?mod=BOL_twm_mw :theflyonthewall.com |
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News For PRAA;ECPG;ASTI From The Last 14 Days Check below for free stories on PRAA;ECPG;ASTI the last two weeks.
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May 23, 2012
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| 07:31 EDT |  | ECPG |
| theflyonthewall.com: | Piper Jaffray to host a summit | | Financial Services Summit is being held in New York on May 23 and in Boston on May 24. :theflyonthewall.com |
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May 21, 2012
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| 06:05 EDT |  | ASTI |
| theflyonthewall.com: | Ascent Solar, Shenzhen Radiant enter strategic alliance with TSDI | | Ascent Solar announced it has entered into a three way strategic joint development agreement with Shenzhen Radiant Enterprise Co., and Third Railway Survey and Design Institute Group Corporation of China, or TSDI. Under the agreement, TSDI will promote the use of leading-edge solar technology in China's rapidly growing public railway infrastructure by installing Ascent Solar modules on existing and future railway stations in China. Radiant has been responsible for installing the roofing component on multiple railway station projects throughout. Total volume of solar installation on China's public infrastructure is projected to reach 800MW over the next five years. :theflyonthewall.com |
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