"One stock that is holding up well and is poised to do well during hard times is Portfolio Recovery Associates (NASDAQ: PRAA), which is America's most effcient debt recovery company," says Jim Powell in Global Changes & Opportunities Report.
"The company -- which has been on our buy list -- has become especially attractive for the economic conditions I expect to see over the next few months, and probably much longer.
"Portfolio Recovery -- which is America's most efficient debt recovery company -- buys packages of non-performing debts from major credit card companies, and typically pays only 2.6% of the total amount owed. With such a low initial cost, it doesn't take a large collection rate to turn a tidy proft.
"As more consumers default on the colossal debts they ran up during the housing boom, the company should see a great deal of new business.
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For a quick-read on the U.S. economy, check the price of gasoline
