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PNC - Pioneer Credit
I thought that there was an existing thread for this, I have a memory of posting about PNC, but perhaps I just dreamed it. But as I can not find it I am starting this thread.
If I recall correctly, and that ability is obviously a little suspect, they buy up dodgy debts and not just try and collect what they can on them but actually do a little chatting, hand-holding & general 'here blow your nose into this' with the debtors. Make them into better people and then hopefully lend them some more money.
Anyway the SP has gone up 8% today on the largest one day volume in over 2 years.
I have no idea why.
I consider it probably that my holding in this company is not a figment of my imagination.
Best Wishes
Paper Tiger
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