NCO Group downgraded to "market outperform"
"... However, one of the major clients of the company, Capital One Financial, has reportedly reduced the fees paid for contingency collections. Capital One is reported to have lowered the fee on primary paper from 33% to 29% of collections, representing a 12% reduction, the analysts mention. Capital One Financial represented over 10% of NCO Group’s 2003 revenues, the analysts add.
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Posted by Christine at April 15, 2004 09:35 PM